NYM had an active month in March with a total of $269,023,457 in activity! In March we closed on and put under contract properties totaling $184,778,457.
NYM GroupApril 2, 2020
New York City’s NoLita neighborhood is a desirable area for multifamily owners because it's an epicenter of young professionals, high-end stores, and trendy restaurants. With proximity to surrounding neighborhoods, like SoHo and the East Village, NoLita is a very attractive location for renters.
NYM GroupMarch 5, 2020
NYM had an active month in February with a total of $275,040,000 in activity! This month we listed 12 properties totaling $134,965,000. Last month we closed on 1388 Second Avenue for $5,975,000. The building contains 9 residential units and 2 commercial units.
NYM GroupMarch 5, 2020
The rental market in NYC is changing. This year, we will witness a 59% reduction in the amount of new rental supply delivered into the market compared with 2019. This is a 69% reduction compared to 2018!
NYM GroupFebruary 20, 2020
When rent law reform was passed in the summer of 2019, rent-stabilized investments immediately became more complicated to multifamily owners. The demand for free-market units increased, and the sale of 105-115 Greenpoint Avenue is the perfect example of that shift in today’s real estate climate
NYM GroupJanuary 28, 2020
