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 62 transactions comprised of 81 buildings totaling $601 million in gross consideration. This represents a 3% decrease in transaction volume, a 35% decrease in building volume and a 43% decrease in dollar volume compared to July 2013, which saw 64 transactions comprised of 125 buildings totaling $1.058 billion in gross consideration. Dollar volume in July was virtually unchanged compared to June, while transaction and building volume declined by 14% and 27%, respectively, from the previous month.