New York
LichtensteinRE Closes $11M All Cash Sale
The off-market sale of the renovated multifamily property in the Bronx’s Tremont neighborhood offers an excellent investment opportunity as rents increase.
Brooklyn Development Lands $15M
The bridge loan will finance a three-building development of residential units over street-level retail in an accessible part of the city’s Bedford-Stuyvesant neighborhood.
Transit-Oriented Development Accelerates in Queens
An expanding pipeline and affordability issues are putting pressure on rent growth, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals.
What Does De Blasio’s Re-Election Mean for NYC Affordable Housing?
During his campaign, Mayor Bill de Blasio pledged to expand his focus on affordable housing. Standard Communities Co-Founders Scott Alter and Jeff Jaeger weigh in on how his re-election will impact affordable housing developers and renters.
Luxury Boutique Community in Brooklyn Hits the Market
Meridian Capital Group will handle the sale of the recently completed Brooklyn Grand, a two-building residential and retail development in Williamsburg.
Largest Rental Markets Flat at the End of the 2017 Peak Rental Season
Although over 80 percent of the nation’s local markets have recorded year-over-year rent growth in September, stagnating or decreasing prices have been noticed in the largest and most expensive cities in the U.S., where renters have long been waiting for some relief.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for October 2017 in New York City.
Rents Contract as New Units Come Online in Brooklyn
Brooklyn is seeing an explosive expansion of office-using industries and the tax environment is having a positive effect on multifamily construction and on future affordable housing development.
Top 10 Apartment Owners in Brooklyn
An explosion of new supply and a high cost of living have tempered rents in the area. Based on Yardi Matrix data, MHN compiled a list of the borough’s top owners.
Supply Compresses Rent Growth in Manhattan
Employment growth persisted this year, despite some significant losses in the information and manufacturing industries. Meanwhile, investment activity has started to slow.