Hammered by state lawmakers in June, New York’s multifamily market is showing few signs of life. Dollar volume, deal volume and building volume all dropped by double digits on both a quarterly and year-over-year basis after Albany passed a strict rent law, according to a new report from Ariel Property Advisors. The city saw just 61 multifamily transactions across 88 buildings for $1.1 billion during the third quarter, representing drops of 45 percent, 57 percent
source https://therealdeal.com/2019/10/29/death-march-for-nycs-multifamily-market-continues/
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