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New York City’s multifamily volume totaled $2.21 billion in Q1 2025, a 62% year-over-year increase with sales largely concentrated in free market assets, according to Ariel Property Advisors Q1 2025 Multifamily Quarter in Review New York City. Transaction volume rose 5% from Q1 2024 to 269.
Prime Location For A Boutique Condominium Development: 8712 Bay Parkway
MAY
1
This development opportunity allows for a 6-story mixed-use building with about 13,500 BSF with community facility and condominium apartments; Approximately 11,600 SF residential ZFA; Approximately 18,560 SF facility ZFA
Inside the Surge: Why Free Market Multifamily Is Winning in New York City Forbes
APR
28
Free market buildings continued to dominate New York City’s multifamily market in Q1 2025 with the sale of these assets accounting for 88% of the city’s $2.21 billion in dollar volume, the highest share on record and up from 63% in 2024, Ariel Property Advisors’ research shows.
