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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.
Corner 53-unit Walk-up Multifamily Property: 2758 Cruger Avenue
DEC
26
Located on the north side of Cruger Avenue between Arnow Avenue & Allerton Avenue; Comprised of 53 units, split up into fourty-seven (47) one-bedrooms, five (5) two-bedrooms, and one (1) 3-bedroom
Partially Complete 421a Development Site in Ocean Hill: 303 Sumpter Street
DEC
26
5,915 BSF per the Plans; Mid-Block lot measuring 25’ of frontage and 100’ of length
‘Yes’ In My Backyard: NYC’s Rezoning Ushers In New Era Of Housing Development: Forbes
DEC
23
Local lawmakers took a major step toward solving New York City’s housing crisis by approving the City of Yes for Housing Opportunity, a citywide rezoning initiative that will add more than 82,000 new apartments over 15 years and invest $5 billion in infrastructure updates and housing.
