Rising interest rates tank property sales
Deals for multifamily properties totaled $3.63 billion, down 30 percent from the previous quarter
Borrowing costs, falling rent growth kill deals as sellers refuse to drop prices
Overall, all properties in the city were valued at $1.4 trillion, 2.1 percent above pre-pandemic levels
Development parcels also traded hands, while industrial sales took the week off
Multifamily assets boosted the market to levels not seen since 2018
Multifamily and industrial sales led sectors with $335.3B and $166B, respectively
42% increase in multifamily transaction volume
A Big Company Doesn’t Equal More Brokers
The building is built 60 ft x 79 ft and sits on a 60 ft x 100 ft lot zoned […]
Multifamily and industrial are doing particularly well; office and retail are showing resiliency too
Covid-19 pandemic has rattled the commercial real estate (CRE) sector
Key items you should be aware of if your business is in the real estate industry
Collections, vacancy and rent are at, or above, pre-pandemic levels and investors are all in
Multifamily building sales from 2017 through the second quarter of 2021 show new listings for properties in Brooklyn jumped as […]
If you’re new to real estate investing, it’s likely you’re reading every book and article on the topic
Post-2019 change, 51% of tenants must buy into conversion plans
In Q1, sales totaled $1.84B
Make that more than 55% if you live in New York or California.
Sold Price $1,180,000
US deal volume nearly doubled quarter-over-quarter; multifamily and industrial held strong
Rising liability insurance costs, and delays in city approvals that are making it increasingly challenging to break even financially.
The share of the riskiest apartment debt held by banks rose to 17%
Cash-rich investors looking to use the slump to beef up their portfolios there’s plenty of pickings
Overall dollar volume in Q4 was $4.7B
Guests discuss a trend in investment sales to seek transactions outside of New York
Sales volume in December was off 51% from a year ago, to $2 billion, even as transactions fell by a […]
REBNY report shows missing money has hit 10 figures
It states how a building can be used—and covers both the type of use the building is zoned for
After the pandemic dramatically slowed commercial real estate deals across the U.S., the summer saw an uncharacteristically high uptick — […]
If you are new to being a landlord it’s worth going to extra lengths to find a financially qualified tenant.
Sales in NYC are plummeting, and so is the tax revenue that’s generated with every transaction.