In Q1 2025, New York City's multifamily market saw an overwhelming shift towards free market buildings, which accounted for 88% of the total $2.21 billion sales volume. This increase from 63% in 2024 indicates a growing investor preference for assets with fewer rent-stabilized units. Brooklyn led this trend, achieving 138% year-over-year growth with nearly half of the total dollar volume, while Manhattan also reported significant increases. Key transactions included large stakes and high-value sales indicative of the competitive landscape for multifamily investments in prime neighborhoods.
Free market buildings accounted for 88% of New York City's multifamily sales in Q1 2025, highlighting a significant shift towards these assets within the market.
Brooklyn's multifamily dollar volume surged 138% year-over-year to $1.06 billion, demonstrating its dominance in New York City's multifamily market.
Collection
[
|
...
]