NYC multifamily sales rise from the grave in Q2

The New York City multifamily market rebounded from a near-lifeless first quarter, but was still sluggish relative to the same period last year. Overall, 278 buildings were traded in 119 deals that totaled $1.9 billion, up 42 percent from the first quarter, but down...

68% of Manhattan’s office leasing activity is in Midtown

According to this week’s market reports, Midtown is the place to be for office tenants, with 5.9 million square feet leased in the second quarter of 2017, and condominium prices in Brooklyn jumped 10 percent year-over-year to $1.25 million. Residential Rental report |...

Median sales price in FiDi shoots up to $1.6M

According to this week’s market reports, median residential rents are down by 7 percent in Manhattan for one-bedrooms, and effective commercial rents are up 4.2 percent nationwide. Residential Residential sales | Bond New York The median sales price decreased 5...

Median resale price in Manhattan passes $1M benchmark

According to this week’s market reports, the median resale price in Manhattan increased 1.3 percent year-over-year to pass $1 million for the first time, and New York is the world’s most expensive city to rent a co-working space. Residential Manhattan and Brooklyn...

Midtown East towers lead New York’s CMBS market in May

Three single-asset deals backed by Midtown East trophy towers comprised the majority of new CMBS issuance in New York’s market in May, including the Olympic Tower, the recently-acquired 245 Park Avenue, and the Lipstick Building at 855 Third Avenue. The three deals...

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