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The submarket reports are an in-depth look at the specific Investment Sales markets in Brooklyn, Bronx, Manhattan, Northern Manhattan and Queens.
We seek to provide our readers with an overview of the market activity, benchmark transactions, and pricing trends that impact each individual real estate market.
84,780 BSF Mixed-Use Development Site: 67-75 4th Avenue & 77 Saint Marks Place
SEP
19
9-100 Feet of frontage; East side of 4th Avenue between Bergen Street and St. Marks Place in Boerum Hill
17’ Wide Townhouse Plus Garage | Delivered Vacant: 223 West 138th Street
SEP
19
Vacant, 4-story limestone building located on Harlem’s historic Striver’s Row; Includes private garage accessible from rear alleyway
Fed Lowers Rates by 0.25% in First Cut This Year : Capital Markets Monthly
SEP
18
For the first time since December 2024, the Federal Open Market Committee (FOMC) voted at its September meeting to cut the fed funds rate, lowering it by 0.25% to a range of 4.00%-4.25%. One committee member wanted an even larger rate cut, recommending to lower the target range by .50%. The Fed also released the September Summary of Economic Projections (SEP), indicating two more cuts and projecting the fed funds rate will be 3.6% at the end of this year and gradually trend downward to 3.1% by the end of 2027. Year-end forecasts for unemployment (4.5%) and inflation (3%) were unchanged from the June projections, but real GDP growth was revised upward to 1.6%.
