Following a robust second quarter, sales activity in New York City's multifamily market slowed in the third quarter with dollar volume declining by 17% quarter-over-quarter to $2.33 billion and transactions falling by 16% to 248, according to Ariel Property Advisors’ Q3 2024 Multifamily Quarter in Review New York City.
Episode 101:Challenges Facing the Rent Stabilized Market
JAN
21
In his latest Coffee & Cap Rates podcast, Shimon Shkury, President, led a thoughtful discussion about rent stabilization with Kenny Burgos, CEO of New York Apartment Association, and Matt Engel, President at Langsam Property Services Corp. and one of the executive members of the New York Apartment Association.
2 Adjacent Industrial Properties with Mixed-Use Rezoning Potential in DUMBO: 265-275 Front Street
JAN
17
Consists of 2 adjacent lots on the northeast corner of Front and Gold Streets in DUMBO; Currently, 265 Front Street is a 6,000 SF lot improved by a 1,800 SF garage, while 275 Front Street is a 10,575 SF warehouse with an additional 814 SF mezzanine office space. Both will be delivered vacant.
27,792 SF Vacant Commercial Building with Air Rights: 3522 Webster Avenue
JAN
17
Three floor commercial building located on the East side of Webster Avenue, just off the bustling corner of Webster Avenue & East Gun Hill Road in the Norwood section of the Bronx; The 27,792 SF (Approx.) building (including below grade space) is currently vacant, with roughly 9,200 square foot floor plates across 3 floors, this is a perfect opportunity for an owner-user