New York’s multifamily market hit a summer slump. The city saw 38 transactions across 70 buildings worth a total of $530.81 million in July, according to a report from Ariel Property Advisors. Compared to the monthly average for the first half of the year, this was a 37 percent drop in dollar volume and an 8 percent drop in transaction volume. Building volume ticked up by 3 percent. Compared to June, dollar volume dropped by […]
source https://therealdeal.com/2018/09/18/the-citys-multifamily-market-hit-a-summer-slump/
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