Through periodically released market reports, our investment research professionals strive to provide our sales staff, clients and industry leaders with the latest market information. By keeping data at the heart of our platform, we are committed to ensuring that our clients have the right set of facts about market trends and economic indicators when making important investment decisions.
Our team has developed a proprietary database to track, monitor and store every piece of market information that crosses our desk. As a result, we have centralized the relevant data and use it to generate real time market reports and analyses for our customers and clients.
Our research professionals also produce popular New York City multifamily market reports on a monthly and quarterly basis. Browse the tabs below to learn more about activity and trends in the broader metropolitan area as well as individual boroughs.
For the month, New York City saw 65 transactions comprised of 88 buildings totaling $513.094 million in gross consideration. This represents a 25% increase in transaction volume, a 19% decrease in building volume and a 20% decrease in dollar volume compared to May 2013, which saw 52 transactions comprised of 108 buildings totaling $641.876 million in gross consideration. Year-over-year, transactions declined a slight 7%, building volume decreased 26% and dollar volume dropped 53% compared to June 2013, which was one of four months last year with dollar volume above $1 billion.