Following a robust second quarter, sales activity in New York City's multifamily market slowed in the third quarter with dollar volume declining by 17% quarter-over-quarter to $2.33 billion and transactions falling by 16% to 248, according to Ariel Property Advisors’ Q3 2024 Multifamily Quarter in Review New York City.
100,056 BSF Mixed-Use Development Site - Downtown Brooklyn: 245 Duffield Street
NOV
19
100,056 BSF mixed-use development site in the heart of Downtown Brooklyn; Located within an economic Opportunity Zone in NYC’s 2nd largest central business district, there are abundant shopping options, restaurants, schools, and entertainment venues.
Four (4) Mark-Up-To-Market Project Based Section 8 Buildings in Harlem: Hudson View II & III
NOV
14
143k SF across 4 properties;129 Project-Based Section 8 voucher units;Mark-up-to-Market HAP Agreements in-place
60 Unit | Article XI | Affordable Housing Opportunity with Value-Add Potential: 1314 Seneca Avenue
NOV
14
Contains 60 residential units and 2 occupied commercial units within approximately 65,137 gross square feet; Recent approval of 610 amendment to existing regulatory agreement allows for significant revenue growth