NYM Monthly Metrics – July 2019

07/31/2019

Friends,

NYM had an active month in July with a total of $352,002,556 in activity! This month we placed $112,550,000 under contract and listed 14 properties totaling $205,700,000.

Some quick closing updates:

Last month we closed on a 20-unit property at 223 89th Street in Yorkville for $11,950,000. In Brooklyn, we closed on a 67-unit elevator building for $18,000,000 after 50+ years of ownership at 800 Avenue H. 39-24 65th Street closed in Woodside at $308/SF for $1,450,000.

Some quick listing updates:

We recently listed 29-06 Crescent Street in Queens, a 38 unit building in Astoria for $12,400,000. We also brought to market 60 West 45th Street – a 100% Free Market development opportunity in Midtown for $11,500,000. 71 Montrose Avenue, an elevator commercial building in Williamsburg, was brought to market at $3,495,000 and will be delivered completely vacant. We also listed 50 units in the at 1765 Davidson Avenue is offered at $130,000/ door. To keep up to date with NYM listings click here.

This month, we conducted a survey with thousands of NYC multifamily owners. Our latest blog post highlights the results and outlines the next steps for owners. We also had a special 2-part series on Behind the Bricks podcast where we took a deep dive into the recent changes made to rent laws in New York. Take a listen to this special series by clicking here. How did the second quarter of 2019 shape out? Take a look at our Q2 2019 NYC Multifamily Sales Report which highlights market data and insights for Q2.

For information about other opportunities in the market or the potential value of your asset, call me at the number below.

Peter Von Der Ahe
212.430.5114

This month, we had a special 2-part series on Behind the Bricks podcast where we took a deep dive into the recent changes made to rent laws in New York. In Part 1 of the series, we heard the perspectives from two owners and investors who own and manage several thousand NYC units. In Part 2 of the series, we hear from Peter, Joe, Seth & Shaun who provide insight from “inside” the industry.

This month, we conducted a survey with thousands of NYC multifamily owners. Our latest blog post highlights the results and outlines the next steps for owners.

1) Joe, Shaun, Seth & Peter at a recording for Behind the Bricks podcast. 2 & 3) Jared, Corey, Andrew and Jake at Dansker Capital Group’s Plan B Seminar.

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