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.
Episode 58: Federal Reserve Meeting Update & Discussion
Shimon Shkury, Founder and President of Ariel Property Advisors, discusses with Matt Swerdlow, Senior Director, Capital Services, how borrowers and lenders are responding to the Fed’s latest .75% rate hike.
8 Family, Free Market, New Construction, in Bushwick: 188 Cooper Street
Located on Cooper Street between Wilson and Central Avenues, this turn-key, eight unit building was just constructed and currently awaiting issuance of the temporary certificate of occupancy (TCO). The unit mix consists of seven one-bedroom apartments and one studio apartment.
Fed Approves Third Consecutive .75% Rate Increase: Capital Markets Monthly
At the Federal Open Market Committee’s fifth meeting of the year, policymakers voted to raise the federal funds rate by 75 basis points to a target range of 2.25% to 2.5%, as they continue to battle inflation, which rose to 9.1% in June, the largest 12-month increase in over 40 years. The July announcement follows rate increases of 75 basis points in June, 50 basis points in May and 25 basis points in March. Policymakers continue to execute an aggressive monetary policy as they strive to achieve the Fed’s goal of reducing inflation to 2%.