Follow this tag to curate your own personalized Activity Stream and email alerts.
In the first half of 2019, New York City apartment building sales fell 48% from the same period a year earlier, B6 said in a report. It was the biggest decline for any six-month period in data going back to 2009. In northern Manhattan, which includes Harlem, the drop in multifamily purchases led to a 61% slide in all commercial-property transactions, the firm said. — Bloomberg
Across New York City, as the effects of the New York State's recently-enacted rent control laws begin to take shape, apartment building owners are having a tough time finding investors to purchase their properties. According to Bloomberg, apartment building sales are down nearly 50-percent... View full entry
