Top 5 NYC Multifamily Sales
Top 5 multifamily sales recorded in the month of October 2016
Rent Growth
Rents grew 4.7% nationwide in September, a 30-basis-point decline from August and a 200-basis-point fall from the recent high in October 2015.
Market Pulse for November 2016
Market Pulse section compiled by Suzann Silverman. To comment, email [email protected]. Multifamily Starts: Housing starts of buildings with five or more units fell by 6.9 percent over the month of August 2016 to a seasonally adjusted annual rate of 403,000. Despite the monthly decrease, the number of starts of buildings with five or more units eclipsed 400,000 for the third consecutive month. Year-to-date, the average number of starts per month of buildings with five or more units is 382,000. Over the same period in 2015, encompassing the months of January through August, starts of buildings with five or more units…
Top 10 Multifamily Sales Third Quarter: New York City
Recorded in Third Quarter 2016; more details featured in the Research Center
Subscribing to Submetering
Submetering installations are expanding as incentives for multifamily owners and managers grow.
Market Pulse for October 2016
Market Pulse section compiled by Suzann Silverman. To comment, email [email protected]. Multifamily Starts: Housing starts of buildings with five or more units rose by 8.3 percent over the month of July 2016 to a seasonally adjusted annual rate of 433,000. This is the highest level of five or more unit housing starts since September 2015. The month-over-month increase in July is the fourth consecutive month of recorded gains. Over this four-month period, from April to July, starts of buildings with five or more units rose by 22.7 percent. Measured at a seasonally adjusted annual rate, the average number of housing…
Top 5 NYC Multifamily Sales
Top 5 multifamily sales recorded in the month of August 2016
Rent Growth
Rents were up 5.0%, which is down 50 basis points from the previous month, 110 basis points from April and 170 basis points from the recent peak last October.
Top 10 NYC Multifamily Sales in July 2016
PropertyShark has compiled the 10 priciest multifamily property sales recorded in July 2016 in New York City. Keep reading to discover which areas were most popular, the types of deals being done, who some of the top deal makers are this summer and the borough that surprisingly claimed the top spot. Sale Price: $121,000,000 This seven-parcel deal includes properties at: 20-05 Shore Blvd. 20-25 Shore Blvd. 20-11 18th 20-32 19th 20-31 19th 20-11 20th 20-12 20th This new acquisition adds 444 Section 8 units to The Related Cos.’ portfolio. The firm has applied to add 53 more affordable housing…
Rent Growth
Rents were up 5.5%, down 10 basis points from June, 60 basis points from April and 120 basis points from the recent peak last October.