New York City’s multifamily market gained momentum in the third quarter, rising to $2.55 billion in sales, up 14% quarter-over-quarter and 17% year-over-year, according to Ariel Property Advisors’ Q3 2025 Multifamily Quarter in Review New York City.
Luxurious Mixed-Use 421-a & ICIP New Construction Building: 37-34 29th Street
OCT
23
Six-story new construction elevator building; 25 residential units comprising of six (6) studios, fifteen (15) one-bedrooms, and four (4) two-bedrooms
New Construction 25-Unit Affordable Housing Multifamily Built in 2020: 1193 Fulton Avenue
OCT
23
24,542 gross square feet, containing 11 studios, seven (7) one-bedrooms, and seven (7) two-bedrooms; Benefits from a 420C tax exemption expiring in 2077
Rare Corner Development Opportunity at Ditmas Park & Midwood Border: 1099 Ocean Avenue
OCT
23
The property spans an 11,000 sq. ft. parcel improved by a 38’-wide, 4,700 sq. ft. religious facility. It features 210 feet of wraparound frontage—100 feet on Ocean Avenue and 110 feet on Farragut Road.