Multifamily Market Enjoys Uptick in Q2 2021 Investment Sales Activity Citywide

A recently released report revealed that investment sales within the New York City multifamily market rose during the 2nd quarter of 2021. On a year-over-year basis, transaction, property and dollar volumes rose 57%, 57% and 91% respectively, generating a total of $1.24 billion in gross consideration among 74 transactions spread across 118 buildings. The uptick delivers another welcome sign as New York City continues to recover from the COVID-19 pandemic.