Despite a decidedly active August, New York City’s volume of multi-family transactions tailed off a little in September, according to a report released today by Ariel Property Advisors.

Only 45 multi-family transactions took place in the city in September, compared with 62 in August; that’s a 27 percent decrease in deals. Dollar volume dropped more dramatically month-over-month, falling 48 percent, from $595.19 million to $308.92 million. Year-over-year, the numbers took a more modest hit. There were 50 transactions in September 2011 totaling $467 million. [more]

New York City multi-family transaction volume increased 26 percent year-over-year in the third quarter, according to a report by Ariel Property Advisors.

There were 163 multi-family deals made in the third quarter compared to just 129 in the third quarter of 2011, but, due to a large number of mid-sized transactions, dollar volume dropped 23 percent from $1.79 billion to $1.38 billion. Compared to the second quarter of 2012, transaction volume was up 4 percent, while dollar volume was up 1 percent. [more]

(credit: Ariel Property Advisors)

Following a lackluster performance in July, New York City multi-family sales volume rebounded by 44 percent in August, according to a report by Ariel Property Advisors.

There were 56 multi-family transactions citywide in August totaling $574.5 million, the report shows, compared to just 39 transactions totaling $261.36 million in July. There was also a 65 percent increase in transaction volume year-over-year for the month of August. [more]

New York City’s multi-family sales volume has dipped for the second month running, but pricing for the sector remains strong, according to data released today by Ariel Property Advisors.

There were 37 New York City multi-family transactions in July totaling $250.8 million, according to Ariel’s data. That’s an 18 percent decline in transaction volume from July 2011, during which there were 45 transactions totaling $712.4 million. June 2012 saw 53 transactions totaling $464.6 million, representing a 30 percent decrease in transaction volume and a 46 percent decrease in dollar volume between June and July of this year. [more]

Despite rising 48 percent year-over-year in the second quarter of 2012, the volume of New York City multi-family transactions actually dipped by 6 percent month-over month in June, according to data released today by commercial brokerage Ariel Property Advisors. However, volume was still up 31 percent compared to June 2011.

A total of 46 multi-family transactions closed in June, with total dollar value of $443.8 million. In June 2011, by comparison, there were 35 transactions totaling $394.5 million. In May of this year, there were 49 multifamily transactions totaling $471.9 million. [more]

A rise in Brooklyn residential rents, which in May were up 10 percent year-over-year, may be having an effect on the volume of commercial transactions in the borough. Brooklyn commercial real estate deals were up 33 percent year-over-year for the first half of 2012, while the dollar volume of those deals increased by 77 percent, according to a report released today by Ariel Property Advisors.

May is the most recent month for which residential rental data is available. [more]

Multi-family transactions were up 48 percent year-over-year in the second quarter of 2012, according to a report released today by Ariel Property Advisors.

A total of 193 buildings worth $1.38 billion traded citywide in the second quarter, compared with 129 buildings totaling $1.06 billion in the first quarter of 2012 and 149 buildings totaling $1.03 billion in the second quarter of 2011. [more]

In New York City’s multi-family sector, the market is continuing to heat up.

Transactions in the sector were up 14 percent in May, compared with the month prior, according to a report by Ariel Property Advisors released today. Dollar volume also increased by 39 percent month-over-month, the data shows, with transactions totaling $523.39 million. [more]

The volume of New York City multi-family transactions was up 29 percent year-over-year in April, but dollar volume fell by 18 percent in the same period, according to a report released today by Ariel Property Advisors. There were 44 multi-family transactions totaling $376.83 million in gross consideration in April, compared to 34 transactions totaling $462.29 million in gross consideration in April 2011. [more]

Multi-family sales in February (source: Ariel Property Advisors)

The number of New York City investment sales of multi-family buildings spiked in February, according to Ariel Property Advisors’ Multi-family Month in Review report, released today.

Multi-family housing saw a 137 percent increase in total dollar volume transacted in February, to $404.36 million, up from $170.85 million in January, and up 153 percent year-over-year, from $159.66 million in February 2011, the report shows. The median price for properties that traded hands in February was $4.6 million. [more]