Question of the Month: How would you summarize New York City s 2018 investments sales market? - by Shimon Shkury. February 19, New York City
|
|
- Isaac Casey
- 5 years ago
- Views:
Transcription
1 Question of the Month: How would you summarize New York City s 2018 investments sales market? - by Shimon Shkury February 19, New York City
2 Shimon Shkury, Ariel
3 The NYC market saw dollar volume soar 27% year-over-year to $40.98 billion. Transaction volume stayed flat compared to 2017, with 2,734 transactions consisting of 3,699 properties. The surge in dollar volume can be attributed to two transactions over one billion dollars: Google s office purchase of Chelsea Market for $2.4 billion, and ABC Corp s sale of its Upper West Side headquarters to Silverstein Properties for a $1.155 billion development assemblage. In addition, there were 55 transactions over $100 million in 2018 versus just 41 in 2017, representing a 34% surge. Last year saw 2,734 transactions consisting of 3,699 properties, representing flat sales volume and a 5% increase in building volume compared to When looking back at the last cycle, 2018 levels were comparable to 2013, with dollar volume nearly identical and transaction volume only 5% lower. However, versus the peak of the cycle in 2015, dollar and transaction volume in 2018 were 40% and 26% lower, respectively. Broken down by asset type, multifamily properties recorded the highest dollar volume ($13.57 billion) followed by office buildings ($11.88 billion). Year-over-year, dollar volume for multifamily assets skyrocketed 42%, primarily a result of 8 sales priced at over $250 million versus zero at that level in Moreover, there were 14 multifamily transactions priced at over $100 million, double 2017 s 7 sales at that level. Notable multifamily transactions were the sale of Starrett City for $905 million; Invesco s $608 million purchase of an 80% stake in Avalon Bay s Portfolio; and Blackstone s purchase of Parker Towers in Forest Hills for $475 million. The office sector rebounded in 2018, with transaction volume back to 2016 s levels. While there was only $1 billion transaction (Google s Chelsea Market) versus 2 in 2017, there were 31% more office trades in 2018 compared to Notable office transactions include L&L MAG and Normandy s purchase of Terminal Stores at th Ave. for $880 million, and Vanbarton Group s purchase of 425 Lexington Ave. for $701 million. Geographically, Manhattan below 96th St., unsurprisingly recorded the highest dollar volume in NYC. The borough s dollar volume reached $24.4 billion, up 33% from 2017 and saw much larger multifamily transactions. Transaction volume reached 501 in 2018, relatively flat from In Northern Manhattan, two large hotel sales that sold for a combined $54.25 million helped drive overall dollar volume higher. The sub-market saw $2.01 billion in sales, up 8% on an annual basis. Overall, there were 223 transactions in the sub-market, 14% lower than The Bronx saw mostly flat transaction volume versus 2017, rising just 1% to 312 sales, while dollar volume slipped 8% to $2.05 billion.
4 In Brooklyn, dollar volume climbed 24% year-over-year to $7.84 billion, and transaction volume slid 4% to 1,079 sales. Brooklyn as a percent of NYC s dollar volume has been trending up, reaching 19% in 2018, nearly double its composition in Sales volume, however, held steady over this period, indicative of an increase in the size of transactions. In Queens, dollar volume soared 39% on an annual basis to $4.67 billion, driven by sizeable multifamily and office property sales, including the $284 million sale of 1 Queens Plaza South Tower to the Carlyle Group and the $400 million partial interest sale of the Factory Building. In terms of pricing, The Bronx fared relatively well versus other sub-markets, with the average price per square foot for a multifamily property and the average price per buildable s/f for land rising 9% and 14%, respectively. Average cap rates on multifamily assets also showed appreciation, edging up 1%. Pricing metrics held mostly steady in Northern Manhattan and Queens. In Manhattan below 96th St., the price per square foot for a multifamily asset fell 7%. The average cap rate also reflected devaluation, falling 2%. Meanwhile, the price per buildable s/f for a development site in Manhattan rose 7%. In Brooklyn, the average price per square foot for a multifamily asset held mostly steady, but average cap rates depreciated 6%. Development site assets appreciated, with the average price per buildable s/f rising 5%. Tree factors will have an outsized impact on market activity in 2019: 1) Opportunity Zones 2) Changes to rent regulation and 3) Interest rates. Ariel Property Advisors is forecasting higher volume and pricing in outer-borough areas that have been designated as Economic Opportunity Zones. The neighborhoods of Coney Island, Sunnyside, South Bronx, and Far Rockaway will likely to be some of the biggest beneficiaries of the attractive tax incentive. Meanwhile, the state Senate s flip to Democratic control last year may pave the way for party leaders to implement sweeping reforms to the state s rent laws that govern rent regulation and limit landlords capacity to command more money from tenants. The multifamily asset class has been attracting a lot of investor attention in anticipation of changes to rent laws following last year s mid-term elections. As a result of this uncertainty, we are expecting lower transaction volume during the first half of the year. Limiting a landlord s ability to increase rent should spur a strong uptick in demand for multifamily buildings that are overwhelmingly comprised of free-market units. In addition, investors have become increasingly interested in newly-built rental assets that benefit from 421-a, especially when the abatement is locked in for at least 10 years. This strategy offers immediate yield and a
5 guarantee that rent growth will go directly to net operating income (NOI) without the concern of increased taxes for a relatively long period of time. Uncertainty about the global economy has lowered borrowing costs in recent months. While data related to the U.S. economy has been largely positive, most expect growth to decelerate from 2018 s robust pace. The Federal Reserve has penciled in two more rate hikes in 2019, but several officials have recently said they won t raise interest rates in a way that would endanger economic growth. Mortgage rates will keep playing a major role in pricing in 2019, specifically for multifamily properties, and we anticipate prices for these assets to be affected, he said. Ariel Property Advisors will be releasing its proprietary sales reports for The research encompasses multifamily assets, and the performance of each sub-market, including Manhattan, Northern Manhattan, Brooklyn, The Bronx and Queens. Shimon Shkury is the president and founder of Ariel Property Advisors, New York, N.Y. New York Real Estate Journal - 17 Accord Park Drive #207, Norwell MA (781)
In 2019, Manhattan s investment property market faces wild card of rates & rent regulation - by Howard Raber and David Baruch
In 2019, Manhattan s investment property market faces wild card of rates & rent regulation - by Howard Raber and David Baruch January 22, 2019 - New York City Howard Raber, Ariel Property Advisors David
More informationNew York City commercial real estate: Five factors that drove 2015 to historic highs by Shimon Shkury and Aryeh Orlofsky
New York City commercial real estate: Five factors that drove 2015 to historic highs by Shimon Shkury and Aryeh Orlofsky May 03, 2016 - Front Section Shimon Shkury, Ariel Property AdvisorsAryeh Orlofsky,
More informationDespite soft sales in Manhattan, investors cherish West Chelsea development sites - by Andre Sigourney and David Baruch
Despite soft sales in Manhattan, investors cherish West Chelsea development sites - by Andre Sigourney and David Baruch October 17, 2017 - New York City Andre Sigourney, Ariel Property Advisors David Baruch,
More informationby Ariel Property Advisors Released January 2019
Manhattan 2018 Year-End SALES REPORT by Ariel Property Advisors Released January 2019 Investment Sales Capital Services Investment Research arielpa.nyc 212.544.9500 x+15+8+8+9+29 x+12+20+14+23+19 2018
More informationCignature Realty issues report: Manhattan Multifamily Insight. September 04, Front Section. Lazer Sternhell, Cignature Realty
Cignature Realty issues report: Manhattan Multifamily Insight September 04, 2018 - Front Section Lazer Sternhell, Cignature Realty Peter Vanderpool, Cignature Realty Manhattan, NY The multifamily market
More informationEast Harlem s Rezoning & Opportunity Zone designations are a double-whammy boon for real estate - by Marko Agbaba and Drew Chartash
East Harlem s Rezoning & Opportunity Zone designations are a double-whammy boon for real estate - by Marko Agbaba and Drew Chartash November 20, 2018 - New York City Marko Agbaba, Ariel Property Advisors
More informationThe Corcoran Report 2Q 2018 MANHATTAN
The Corcoran Report 2Q 218 MANHATTAN 2Q218 MANHATTAN 2 Overview Closed Sales 3,193-14 YEAR OVER YEAR +26 QUARTER OVER QUARTER Closed sales declined 14 annually versus Second Quarter 217. All product types
More informationCPEX Quarterly Investment Sales Report Methodology
CPEX Quarterly Investment Sales Report Methodology CPEX Real Estate s Quarterly Investment Sales Report is a comprehensive survey of commercial real estate sales recorded during the first quarter of 2016
More informationCommercial and Multifamily Construction Starts in 2016 Rise in Most of the Top U.S. Metropolitan Areas
Commercial and Multifamily Construction Starts in 2016 Rise in Most of the Top U.S. Metropolitan Areas However, New York NY Settles Back After Robust 2015 Most of the leading U.S. metropolitan areas for
More informationCONSTRUCTION OUTLOOK UPDATE
buildingcongress.com MARCH 08 CONSTRUCTION OUTLOOK UPDATE FIVE YEARS, FIVE BOROUGHS A review of 0-07 construction starts data for New York City shows construction activity increasingly diversified throughout
More informationMultifamily Research. Market Report Third Quarter New York City. Surging Household Formation Pushes Vacancy to Multiyear Lows
Multifamily Research Market Report Third Quarter 217 New York City Surging Household Formation Pushes to Multiyear Lows Multiple high-wage industries power household formation and rental demand across
More informationTABLE OF CONTENTS 03 INTRODUCTION 04 NOTABLE TRENDS 05 MEAN RENTAL PRICES 07 PRICE TRENDS
TABLE OF CONTENTS 03 INTRODUCTION 04 NOTABLE TRENDS 05 MEAN RENTAL PRICES 07 PRICE TRENDS 07 LONG ISLAND CITY 07 ASTORIA 07 RIDGEWOOD 07 FLUSHING 08 REGO PARK 08 FOREST HILLS 08 JACKSON HEIGHTS 12 THE
More information1 Q M A NH AT TA N M A R K E T R E P O R T
1Q2018 MANHATTAN M A R K E T R E P O R T INTRODUCTION M A N H A T T A N S A L E S R E P O R T Q 1 2 0 1 8 : THE NECESSITY OF BALANCE The first quarter of 2018 was a balancing act supported by declines
More informationStronger Office Market Looking Into Future
Research & Forecast Report Long Island OFFICE MARKET Q2 2015 Stronger Office Market Looking Into Future Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Long Island economic and
More information3Q2017 L O N G ISLAND CITY
3Q2017 L O N G ISLAND CITY M A R K E T R E P O R T INTRODUCTION L O N G I S L A N D C I T Y S A L E S R E P O R T Q 3 2 0 1 7 : THE SKY IS THE LIMIT Here at Stribling, we are really excited by what s going
More informationinsights from new york's premier broker for townhouses and small buildings TOWNHOUSE end of year review MARKET SNAPSHOT JAN-DEC 2017
leslie j. garfield jan-dec 2017 insights from new york's premier broker for townhouses and small buildings TOWNHOUSE end of year review MARKET SNAPSHOT JAN-DEC 2017 2017 Sales Avg. Sales Price Avg. Price/Sq.ft
More informationManhattan Rental Market Report October 2017 mns.com
Manhattan Rental Market Report October 2017 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 07 Mean Manhattan Rental Prices 11 Manhattan Price Trends 12 Neighborhood Price Trends 12 Battery Park City
More informationAMAZON HQ2: Amazon s Near-Term Impact on the Queens and New York City Real Estate Market. January
A whitepaper by Barbara Byrne Denham AMAZON HQ2: Amazon s Near-Term Impact on the Queens and New York City Real Estate Market January 2019 www.reis.com January 2019 By Barbara Byrne Denham Amazon s Near-Term
More informationMultifamily Month In Review: I arielpa.com 122 East 42 nd Street, Suite 1015, New York NY 10168
Multifamily Month In Review: New York City September 2015 Released November 2015 By Ariel Property Advisors Join Our Network: e-mail join@arielpa.com or visit arielpa.com 212.544.9500 I arielpa.com 122
More informationExecutive of the Month: Bestreich, founder of Bestreich Realty Group: Startup investment sales brokerage dominates the middle markets
Executive of the Month: Bestreich, founder of Bestreich Realty Group: Startup investment sales brokerage dominates the middle markets June 20, 2017 - New York City Derek Bestreich, Bestreich Realty Group
More informationThe Corcoran Report 3Q17 MANHATTAN
The Corcoran Report 3Q17 MANHATTAN Contents Third Quarter 2017 4/7 12/23 3 Overview 8 9 10 Market Wide 11 Luxury 24 4 Sales / Days on Market 5 Inventory / Months of Supply 6 7 Market Share Resale Co-ops
More informationINTRODUCTION SUMMER SLIDE
3 Q 2 0 1 8 M A NH AT TA N M A R K E T R E P O R T INTRODUCTION M A N H A T T A N S A L E S R E P O R T Q 3 2 0 1 8 : SUMMER SLIDE It s common knowledge that Manhattan property sales typically take a dip
More informationThe coming (but temporary) Manhattan rental boom Number of new rental units to debut will pop in 2015 and 2016, and then turn sharply down
February 2, 2015 The coming (but temporary) Manhattan rental boom Number of new rental units to debut will pop in 2015 and 2016, and then turn sharply down By Rich Bockmann Taconic Investment Partners
More informationCBRE Houston ViewPoint
CBRE Houston ViewPoint DOWNTOWN HOUSTON: THE NEW GATEWAY MARKET? by Sara R. Rutledge Director, Research and Analysis INTRODUCTION Investor interest from both domestic and foreign sources has revived in
More informationManhattan Rental Market Report August 2013 mns.com
Manhattan Rental Market Report August 2013 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 07 Mean Manhattan Rental Prices 11 Manhattan Price Trends 12 Neighborhood Price Trends 12 Battery Park City
More informationMultifamily Metro Outlook: New York Spring 2018
Overview The New York City metro is the nation s largest apartment market with 2.2 million rental units, of which 47 percent are rent-stabilized and 1.2 percent rent-controlled. As anticipated, a glut
More informationKey Findings on the Affordability of Rental Housing from New York City s Housing and Vacancy Survey 2008
Furman Center for real estate & urban policy New York University school of law n wagner school of public service 110 West 3rd Street, Suite 209, New York, NY 10012 n Tel: (212) 998-6713 n www.furmancenter.org
More informationTen-Year Residential Rental Market Report CITI HABITATS
Ten-Year Residential Rental Market Report 2007-2016 TEN-YEAR RESIDENTIAL RENTAL MARKET REPORT 2007-2016 The last ten years have been remarkable ones for the Manhattan rental market. This study covers the
More informationMANHATTAN MARKET REPORT
MANHATTAN MARKET REPORT Q1 MANHATTAN MARKET REPORT 1Q 2017 Manhattan s residential market is showing signs of improvement after a period of uncertainty leading up to the Presidential election, as it does
More informationUPGRADING PRIVATE PROPERTY AT PUBLIC EXPENSE The Rising Cost of J-51
UPGRADING PRIVATE PROPERTY AT PUBLIC EXPENSE The Rising Cost of J-51 POLICY BRIEF By Tom Waters and Victor Bach June 2012 The Community Service Society of New York (CSS) draws on a 168-year history of
More informationSELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS. By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA. irr.
SELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA The Self Storage Story The self-storage sector has been enjoying solid
More informationManhattan Residential Rental Market Report
Manhattan Residential Rental Market Report First Quarter 6 First Quarter 6 This report analyzes data on Manhattan rental market activity in the First Quarter of 6 (January through March 3). By the end
More informationPropertyShark.com. Foreclosure Report, May 2008
PropertyShark.com Foreclosure Report, 28 Monthly Foreclosure Report, 28 PropertyShark.com provides real estate professionals and investors with comprehensive property information, including owner name
More informationHONG KONG PRIME OFFICE Monthly Report
RESEARCH MARCH 2010 HONG KONG PRIME OFFICE Monthly Report Office market rally continues Hong Kong s economy showed further signs of recovery this past month, benefiting from a revival in regional trade,
More informationMultifamily Month In Review: New York City January 2016 Released March 2016 By Ariel Property Advisors
Multifamily Month In Review: New York City January 2016 Released March 2016 By Ariel Property Advisors Join Our Network: e-mail join@arielpa.com or visit arielpa.nyc 212.544.9500 I arielpa.nyc 122 East
More informationJames Kinsey Principal, Senior Director of Tri-State Investment Sales
3Q18 Property Sales Report For more information please contact: James Nelson Principal, Head of Tri-State Investment Sales 212.729.6585 james.nelson@avisonyoung.com James Kinsey Principal, Senior Director
More information2018 Year-End Manhattan Market Report
THE CITYREALTY YEAR-END REPORT DECEMBER DECEMBER Year-End Manhattan Market Report CityRealty is the website for NYC real estate, providing high-quality listings and tailored agent matching for prospective
More informationThe Industrial Market Cooled Off in Q1
Research & Forecast Report Long Island industrial MARKET Q1 2016 The Industrial Market Cooled Off in Q1 Rose Liu Director of Finance & Research Long Island Takeaways > > Long Island industrial market slowed
More informationThe Corcoran Report 4Q16 MANHATTAN
The Corcoran Report 4Q16 MANHATTAN Contents Fourth Quarter 2016 4/7 12/23 3 Overview 8 9 10 Market Wide 11 Luxury 24 2 Sales / Days on Market 3 Inventory / Months of Supply 4 5 Market Share Resale Co-ops
More informationStill Subsidizing Luxury Development:
Still Subsidizing Luxury Development: 50 High-End Condo Developments That Would Still Be Eligible for 421-a Tax Breaks Even After Proposed Exclusion Zone Expansion and Reform Pratt Center for Community
More informationSummary. Houston. Dallas. The Take Away
Page Summary The Take Away The first quarter of 2017 was marked by continued optimism through multiple Texas metros as job growth remained positive and any negatives associated with declining oil prices
More informationTHE MANHATTAN RENTAL MARKET REPORT
TM THE MANHATTAN RENTAL MARKET REPORT YEAR END 2011 TABLE OF CONTENTS Introduction 3 Notable Trends 4 Mean Manhattan Rental Prices 5 Neighborhood Price Trends Harlem 7 Upper West 7 Upper East 7 Midtown
More informationOffice Market Remained Steady in Q4
Research & Forecast Report Long Island OFFICE MARKET Q4 2015 Office Market Remained Steady in Q4 Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Continuing the momentum, the Long
More informationCOMMERCIAL PROPERTY PRICES REMAIN IN SLOWDOWN PATTERN AS MARKET REACTS TO INVESTOR PULLBACK
CCRSI RELEASE MARCH 2016 (With data through February 2016) COMMERCIAL PROPERTY PRICES REMAIN IN SLOWDOWN PATTERN AS MARKET REACTS TO INVESTOR PULLBACK DESPITE DECLINE IN PROPERTY PRICING, LEASING ACTIVITY
More informationMultifamily Month In Review: New York City december 2015 Released February 2016 By Ariel Property Advisors
Multifamily Month In Review: New York City december 2015 Released February 2016 By Ariel Property Advisors Join Our Network: e-mail join@arielpa.com or visit arielpa.nyc 212.544.9500 I arielpa.nyc 122
More informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT. School of Business. April 2018
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT April 2018 Key economic indicators suggest that the Inland Empire s economy will continue to expand throughout the rest of 2018, building upon its recent growth.
More informationReal estate investment services. The Retail Pulse UPDATES AND TRENDS DECEMBER 2013
DECEMBER 2013 New York City s Strong Investor Demand Defi es Property Sales Volatility s retail property sales market has set new highs in recent months as more investors seek out these cash rich assets.
More informationManhattan New Dev. Market Report st Quarter mns.com
Manhattan New Dev. Market Report 2013 1st Quarter TABLE OF CONTENTS Manhattan New Development Report 1Q13 TABLE OF CONTENTS 03 Introduction 04 Market Snapshot 09 Neighborhood Trends 09 Battery Park City
More informationQuarterly Market Report
OCTOBER EXECUTIVE SUMMARY San Antonio office market hits record high for rents Full-service asking rents rose by $.11 per sq. ft. quarter-over-quarter to close at $22. an all-time high with an increase
More information2Q2017 L O N G ISLAND CITY
2Q2017 L O N G ISLAND CITY M A R K E T R E P O R T INTRODUCTION L O N G I S L A N D C I T Y S A L E S R E P O R T Q 2 2 0 1 7 : LONG ISLAND CITY IS THE FASTEST GROWING NEIGHBORHOOD IN THE COUNTRY. The
More informationARLA Members Survey of the Private Rented Sector
Prepared for The Association of Residential Letting Agents ARLA Members Survey of the Private Rented Sector Second Quarter 2014 Prepared by: O M Carey Jones 5 Henshaw Lane Yeadon Leeds LS19 7RW June, 2014
More informationDRAFT. Multi-Family. Sales. Report. 3Q18 New York City. Presented by the Tri-State Investment Sales Group. For more information please contact:
DRAFT 3Q18 New York City Multi-Family For more information please contact: Sales James Nelson James Kinsey Principal, Head of Tri-State Investment Sales Principal, Senior Director of Tri-State Investment
More informationStrong year continues with high-profile leasing; rents remain flat as new and returning space looms 10.0% 5.0%
$ PSF Office May 2017 New York Monthly Market Update Strong year continues with high-profile leasing; rents remain flat as new and returning space looms Manhattan Class A asking rents Manhattan Class A
More informationVacancy Inches Higher, Despite Continued Absorption
Research & Forecast Report GREATER PHOENIX OFFICE 1Q 2017 Vacancy Inches Higher, Despite Continued Absorption Key Takeaways > > Improving conditions in the Greater Phoenix office market took a pause in
More informationOrange County Multifamily
MARKET REPORT / Orange County Multifamily Employment Gains Driving Rental Demand, Low Vacancy Rates More than 2,600 units have come online to this point in, and nearly 5,000 apartments are currently under
More informationHigh-priced homes have a unique place in the
Livin' Large Texas' Robust Luxury Home Market Joshua G. Roberson December 3, 218 Publication 2217 High-priced homes have a unique place in the overall housing market. Their buyer pool, home characteristics,
More informationGreater Los Angeles MARKETBEAT. Office Q Economy. Market Overview
LOS ANGELES COUNTY Economic Indicators Q2 16 Q2 17 Los Angeles Employment 4.38M 4.44M Los Angeles Unemployment 5.3% 4.4% U.S. Unemployment 4.9% 4.4% 12-Month Forecast Economy The job growth rate in Los
More informationThe Improvement of the Industrial Market
Research & Forecast Report Long Island industrial MARKET Q2 2015 The Improvement of the Industrial Market Rose Liu Research & Financial Analyst Long Island Takeaways The overall economy on Long Island
More informationA real estate investment company.
A real estate investment company. 19 Beach Street, NY, NY ground-up development of 30,000 sf of luxury loft condominiums and ground floor retail space located in the heart of the Tribeca area of New York
More informationAgricultural. Credit Conditions. Farmland Values and Farm Income Soar. Burgeoning farm profits accelerated District cropland and ranchland value gains
SURVEY of TENTH DISTRICT Agricultural Credit Conditions S4 te hp tqeuma br te er r 22 1 FF ee dd ee rraall RReesseerrvvee BBa annk k o of f KKa an ns sa as s C Ci ti ty y Farmland Values and Farm Income
More informationSpeculative construction and record breaking investment sales lead the way in Q2 2015
MARKETVIEW Boston Downtown Office, Q2 2015 Speculative construction and record breaking investment sales lead the way in Q2 2015 Vacancy 7.5% Availability 13.9% Absorption 424,525 SF Sublease 0.75% Under
More informationHousing market report
Capital city market report Prepared August Dr Andrew Wilson, Senior Economist Australian Property Monitors Buyer momentum rises through mid-winter housing markets National overview Buyer and seller momentum
More informationMorningside Heights Harlem. Peter Comitini Senior VP Associate Broker The Corcoran Group
Sutton Area TriBeCa Upper East Side Upper West Side Washington Heights West Village The Corcoran Report Battery Park City Beekman Carnegie Hill Central Park South Chelsea Flatiron Clinton East Harlem East
More informationARE DOB-ECB VIOLATIONS INCREASING?
STATE OF NYC NEIGHBORHOODS ARE DOB-ECB VIOLATIONS INCREASING? A Closer Look at Ongoing Enforcement with DOB Compliance Data Are DOB-ECB Violations Increasing? 1 MAP OF NYC COMMUNITY BOARDS Bronx Brooklyn
More informationManhattan New Dev. Market Report th Quarter mns.com
Manhattan New Dev. Market Report 2017 4th Quarter TABLE OF CONTENTS TABLE OF CONTENTS 03 Introduction 04 Market Snapshot 09 Neighborhood Trends 09 Battery Park City 10 Chelsea 11 East Village 12 Financial
More informationMANHATTAN MARKET REPORT
MANHATTAN MARKET REPORT 2nd Quarter 2018 RESALE bhhsnyp.com 1 NOTE FROM THE PRESIDENT While temperatures and humidity levels have risen in New York City, consumers have continued to show apprehension this
More informationREAL ESTATE MARKET OVERVIEW 1 st Half of 2015
REAL ESTATE MARKET OVERVIEW 1 st Half of 2015 With Comparisons to the 2 nd Half of 2014 September 4, 2015 Prepared for: First Bank of Wyoming Prepared by: Ken Markert, AICP MMI Planning 2319 Davidson Ave.
More informationTHE ADVISORY. READY FOR CHANGING TIDES? How Real Estate Companies Can Prepare for a New Cap Rate Era. Eric Willett, Senior Associate
READY FOR CHANGING TIDES? How Real Estate Companies Can Prepare for a New Cap Rate Era Eric Willett, Senior Associate 2 Ready for Changing Tides? How Real Estate Companies Can Prepare for a New Cap Rate
More informationLANDLORDS CAUTIOUS AHEAD OF TAX CHANGES
FEBRUARY 2017 Q4 2016 LANDLORDS CAUTIOUS AHEAD OF TAX CHANGES Despite turbulence in the Private Rented Sector (PRS) dating back to the Government s 2015 Summer Budget, Paragon Mortgages latest PRS Trends
More informationMarket Overview New York Capital Markets
Accelerating success. Market Overview New York Capital Markets Market Snapshot Market Snapshot - Manhattan Capital Markets - Manhattan Leasing Market 2 Overview Near Record Activity Continues in 2016:
More informationFourth Quarter 2018 Market Report Manhattan Residential
Market Report Manhattan Residential Data Highlights Cover Property: Halstead.com WEB# 19041474 A pickup in luxury new development closings pushed the average price higher than a year ago. The median apartment
More informationResearch. A Capital Value production. An analysis of the Dutch residential (investment) market 2017
Research A Capital Value production An analysis of the Dutch residential (investment) market 2017 Summary In 2016, the development of the housing market was turbulent. Key events included a historic residential
More informationHamilton Heights Manhattan. Morningside Heights Harlem
Sutton Area TriBeCa Upper East Side Upper West Side Washington Heights West Village The Corcoran Report Battery Park City Beekman Carnegie Hill Central Park South Chelsea Flatiron Clinton East Harlem East
More informationNew Development Report
New Development Report 2018 First Quarter MANHATTAN $ 2,513 $ 2,185 $ 2,152 3.7% YoY PER SQ. FT. ACTIVE PER SQ. FT. CONTRACT SIGNED PER SQ. FT. CLOSED 1% YoY 4.1% YoY BROOKLYN $ 1,475 PER SQ. FT. ACTIVE
More informationMARKET STRATEGY VIEWPOINT U.S. Housing Decelerating
Jan-01 Oct-01 Jul-02 Apr-03 Jan-0 Oct-0 Jul-05 Apr-0 Jan-07 Oct-07 Jul-08 Apr-09 Jan-10 Oct-10 Jul-11 Apr-12 Jan-13 Oct-13 Jul-1 Apr-15 Jan-1 Oct-1 Jul-17 Apr-18 U.S. Housing Decelerating August 27, 2018
More informationMarket Demands More Investment Product
Research & Forecast Report CHARLESTON INVESTMENT Q2 2016 Market Demands More Investment Product Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Investors are seeking opportunities
More informationManhattan Rental Market Report Year End 2012 mns.com
Manhattan Rental Market Report Year End 2012 TABLE OF CONTENTS 03 Introduction 04 Notable Trends 06 Mean Manhattan Rental Prices 08 Neighborhood Price Trends 08 Battery Park City 08 Chelsea 08 East Village
More informationQUEENS RENTAL MARKET REPORT
QUEENS RENTAL MARKET REPORT AUGUST 2018 TABLE OF CONTENTS 03 INTRODUCTION 04 A QUICK LOOK 10 QUEENS PRICE TRENDS 11 NEIGHBORHOOD PRICE TRENDS 11 LONG ISLAND CITY 12 ASTORIA 13 RIDGEWOOD 14 FLUSHING 15
More informationQueens Rental Market Report February 2018 mns.com
Queens Rental Market Report February 2018 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 10 Queens Price Trends 11 Neighborhood Price Trends 11 Long Island City 12 Astoria 13 Ridgewood 14 Flushing 15
More informationState of Land Use and the Built Environment
State of Land Use and the Built Environment The city approved more units for construction in 214 than in 213, but the level remained below that of the mid-2s. Meanwhile, city-initiated rezonings all but
More informationEASTERN CONSOLIDATED VIEW FROM THE STREET NEIGHBORHOOD OVERVIEW: MANHATTAN
EASTERN CONSOLIDATED VIEW FROM THE NEIGHBORHOOD OVERVIEW: MANHATTAN NOVEMBER 2017 TABLE OF CONTENTS Overview 5 DOWNTOWN Financial District/Tribeca/Chinatown 10 SoHo/Nolita/Lower East Side 12 West Village/Greenwich
More informationManhattan Rental Market Report Year End 2010
Manhattan Rental Market Report Year End 2010 Table of Contents Introduction 3 A Quick Look 4 Mean Manhattan Rental Prices 5 Notable Trends 7 Manhattan Price Trends 7 Neighborhood Price Trends Upper West
More informationCore Value Add Opportunistic
Equity Investment Styles Core Value Add Opportunistic Leverage up to 50% up to 65% 65% up to? Target Returns 8% - 12% 12% - 18% >18% Target above 20% Return Source Mostly income Some appreciation Mostly
More informationRents and Sales Prices on the Rise to Start 2018
Research & Forecast Report GREATER PHOENIX MULTIFAMILY 2 and Sales Prices on the Rise to Start 2 Key Takeaways > > The Greater Phoenix multifamily market got off to a hot start to 2. continues to retreat
More informationQuick Absorption of Newly Constructed Office Buildings
Research & Forecast Report CHARLESTON, SC OFFICE Q3 2016 Quick Absorption of Newly Constructed Office Buildings Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> The Interstate 526
More informationManhattan condo prices rose to
Manhattan Market Report Q4 4 by the numbers +.8% StreetEasy Condo Price Index (QuarteroverQuarter) +.4% StreetEasy Condo Price Forecast (MonthoverMonth).7% Total (QuarteroverQuarter) +5.7% Number of Pending
More informationMonthly Market Update
Monthly Market Update December 2015 New York City Office Outlook February 2016 M A N H A T T A N Class A Asking Rents M A N H A T T A N Class A Vacancy Rates $100.00 Jan-14 Jan-15 Jan-16 20.0% Jan-14 Jan-15
More informationInvestment Activity Heating Up with Rents on the Rise
Research & Forecast Report GREATER PHOENIX MULTIFAMILY 2 Investment Activity Heating Up with Rents on the Rise Key Takeaways > > The third quarter proved to be another period of healthy operating conditions
More informationOne Host, One Home: New York City (April 2018 Update)
One Host, One Home: New York City (April 2018 Update) Key Figures About Airbnb s NYC Community Today, we re releasing updated information about the Airbnb community in New York City. This covers the time
More informationMAR KET GLANCE SAN DIEGO OFFICE MARKET REPORT PROPERTY SERVICES DEVELOPMENT INVESTMENT FOURTH QUARTER 2015 PROPERTY SERVICES DEVELOPMENT INVESTMENT
AT A SAN DIEGO OFFICE MARKET REPORT FOURTH QUARTER 215 AT A NEW SUPPLY PUSHES VACANCY RATES HIGHER San Diego s regional economy has been buzzing and added a net total of 37,8 jobs in the 12 months ending
More information#24 Major Capital Improvements (MCI) Questions and Answers. How does an owner apply for an MCI and what kind of documentation is needed?
FACT SHEET Andrew M. Cuomo, Governor What is an MCI? #24 Major Capital Improvements (MCI) Questions and Answers A PUBLICATION OF NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL OFFICE OF RENT
More informationGreystone closes $550 million loan for Moinian/SL Green joint venture
Greystone closes $550 million loan for Moinian/SL Green joint venture September 05, 2017 - Front Section Manhattan, NY According to Greystone, it has closed a $550 million permanent Freddie Mac loan made
More informationCLEVELAND CBD OFFICE MARKET
RESEARCH 3Q 2018 CLEVELAND CBD OFFICE MARKET CBD ACTION DOMINATED 3Q AS MARKET S HEALTH REBOUNDED History repeated itself for the third year in a row during the third quarter of 2018, as a handful of prominent
More informationThe Ridge Apartments $2,950, Units in the Chattanooga TN Market Area. Great Property Great Location. Asking Price:
Great Property Great Location The Ridge Apartments 40 Units in the Chattanooga TN Market Area Asking Price: $2,950,000 3400 Lisa Dr & 3400 Gail Dr East Ridge, TN 37412 Recently renovated property in the
More informationCITI HABITATS. Manhattan Residential Sales Market Report
Manhattan Residential Sales Market Report Contents 4/7 12/17 3 8 9 10 Market Wide 4 Sales / Days on Market 5 / Months of Supply 6 7 Market Share Resale Co-ops Resale Condos New Developments 11 Luxury Neighborhoods
More informationLeasing activity remains strong through February; Downtown off to best start in years 10.0% 5.0%
Office March 2017 New York Monthly Market Update Leasing activity remains strong through February; Downtown off to best start in years Manhattan Class A Asking Rents Manhattan Class A Vacancy Rents $100.00
More informationFirst Quarter 2019 Market Report Manhattan Residential
Market Report Manhattan Residential Data Highlights Cover Property: Halstead.com WEB# 19451837 The average price for a resale apartment declined 3% over the past year to $1,575,059. New development prices
More informationManhattan Residential Rental Market Report
Manhattan Residential Rental Market Report December & Fourth Quarter 217 Residential Rental Market Report December & Fourth Quarter 217 This report follows overall conditions in the Manhattan rental market
More informationThe Canadian Real Estate Association News Release
According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales posted their third monthly increase and broke all previous monthly records. Highlights: The
More informationLeasing cools, but deal flow consistent
MARKETVIEW Downtown Manhattan Office, Q3 216 Leasing cools, but deal flow consistent Leasing Activity.85 MSF Net Absorption (.12) MSF Availability Rate 11.7 Vacancy Rate 9.3 Average Asking Rent $57.5 PSF
More information