MENU
CLIENT ACCESS
MENU
CLIENT ACCESS
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.
35,000 SF Mixed-Use Loft Building in Williamsburg: 47 Thames Street
MAY
16
12 Commercial Spaces; 14 Residential Units; Below Market Rents
408,400 ZSF Mixed-Use Development Site with 96,000 SF Footprint: 2185 Coyle Street
MAY
15
Large footprint on a 96,000 lot SF across Coyle Street, Bragg Street and Avenue V; Recent zoning map change to R6A / R7D / C2-4 and zoning text amendment as an MIH Area (Option 1)
Fed Holds Rates Steady on Uncertain Economic Outlook: Capital Markets Monthly
MAY
8
The Federal Open Market Committee (FOMC) voted at its May meeting to maintain the range for the federal funds rate between 4.25% to 4.50%. Despite uncertainty, the announcement noted that indicators suggest economic activity has continued to expand at a solid pace. The unemployment rate remains steady at 4.2%, with payroll jobs averaging 155,000 per month over the last three months. While inflation is above the 2% target, it has dropped significantly since mid-2022. Personal Consumption Expenditures (PCE) rose 2.3% in the 12 months ending in March and, excluding food and energy, increased 2.6%. GDP was 2.5% last year, but declined in the first quarter, likely driven by businesses bringing in imports ahead of potential tariffs.
