Join Shimon Shkury, President and Founder of Ariel Property Advisors, as he delves into Ariel’s 2024 Multifamily Research Report with Founding Partner Victor Sozio and Senior Director of Capital Services Matt Swerdlow.
In 2024, New York City’s multifamily market saw $8.91 billion in sales across 1,107 transactions, marking year-over-year increases of 14% in dollar volume and 4% in transactions. Rent-stabilized properties, which comprised 29% of the market, faced continued pressure due to high leverage, rising expenses and the lingering impact of HSTPA—leading some owners to consider 610 amendments for affordable housing conversions. Meanwhile, free market assets dominated in Manhattan and Brooklyn and attracted strong lender interest citywide.
For deeper insights, explore Ariel’s research 2024 Multifamily Year In Review New York City.
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