Multifamily Deals Lead NYC Market

Law360, New York (July 11, 2013, 6:07 PM EDT) -- New York’s ever-constricting housing supply and ceaseless demand for apartments is pushing up the volume and price tags of multifamily deals, experts say, and many buyers are considering options they might have shunned in less frothy markets, such as rent-regulated buildings.

A recent report issued by market research firm Ariel Property Advisors showed that sales of Manhattan multifamily buildings had risen 21 percent between April and May of this year, and while it’s hard to judge by a 30-day measurement, experts say the pipeline is filling...
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