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November 18th, 2016

NYC multifamily sales bounce back in September

Multifamily sales activity picked back up in September after a relatively slow month in August. Dollar volume for New York City properties nearly doubled from the prior month and totaled $1.2 billion in the final month of the quarter, according to the latest report from Ariel Property Advisors. Despite the increase, multifamily investors still purchased fewer properties and spent less in the third quarter compared to the prior quarter and year. READ ARTICLE

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