2/6/20: Episode 6 - Coffee & Cap Rates February 2020 State of the Market Presentation by Shimon Shkury
Shimon Shkury, President of Ariel Property Advisors, discusses the New York City investment sales market for 2019 by sub-market and asset type
2019 NYC investment sales dollar volume dropped 15% to $35.3 billion and transaction volume dropped by 17% to 2,042 transaction (compared year-over-year)
2019 NYC development market dropped 39% in terms of dollar volume year-over-year
2019 NYC multifamily market dropped 40% in terms of dollar volume year-over-year with all sub-markets decreasing except for Northern Manhattan
Northern Manhattan was an outlier in the multifamily market due to one large institutional transaction, Brookfield Properties East Harlem Portfolio for $1.16 billion
2/6/20: Episode 6 - Coffee & Cap Rates February 2020 State of the Market Presentation by Shimon Shkury
Shimon Shkury, President of Ariel Property Advisors, discusses the New York City investment sales market for 2019 by sub-market and asset type
2019 NYC investment sales dollar volume dropped 15% to $35.3 billion and transaction volume dropped by 17% to 2,042 transaction (compared year-over-year)
2019 NYC development market dropped 39% in terms of dollar volume year-over-year
2019 NYC multifamily market dropped 40% in terms of dollar volume year-over-year with all sub-markets decreasing except for Northern Manhattan
Northern Manhattan was an outlier in the multifamily market due to one large institutional transaction, Brookfield Properties East Harlem Portfolio for $1.16 billion