New York City’s Multifamily Market Sees Robust Growth as Rent-Stabilized Sector Struggles
The New York City multifamily real estate market achieved $8.9 billion in sales in 2024, a 14% increase from the previous year, driven by the free market properties. Free market buildings in Manhattan and Brooklyn attracted major investment, with sales rising by 11% and 59% respectively, reflecting investor confidence in high rental yields and returns. … Read more