NYC multifamily market continued slow down in April, but pricing barely budged

With the exception of Queens, New York’s multifamily market decreased across nearly all metrics in April compared to the previous year. Pricing remained stable or increased in most sub-markets except Brooklyn, where the 12-month average decreased on both per-unit and per-square-foot measures, falling 8.7 percent to $300,642 per unit and 6.7 percent to $359 per square foot. Citywide, there were 29 multifamily transactions in April totaling $477.12 million, with dollar volume falling by more than […]

Source: realdeal

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