NYC Multifamily Sales Rise YTD Despite Sharp Pullback in Q3
New York City multifamily sales totaled $6.99 billion across 1,044 transactions in the first three quarters of 2026, representing increases of 7.9% and 11.5%, respectively, Ariel Property Advisors reported. Dollar volume for Q3, though, fell 23.3% year-over-year to $1.84 billion, the lowest quarterly dollar volume since Q1 2024. The pullback was concentrated at the top of the market, with four transactions of $50 million or more totaling $388.7 million, compared to eight totaling $999.2 million in Q3 2025.
“Last quarter we continued to see a clear divergence in performance across multifamily property types,” said Shimon Shkury, president and founder of Ariel. “Free-market properties and subsidized affordable housing with predictable cash flows continue to attract strong investor interest, while rent-stabilized assets face significant valuation pressure from regulatory constraints and financing challenges.”
Citywide, buildings with 75%+ free market units accounted for 63.1% of dollar volume in Q3. Buildings with 75%+ rent-stabilized units represented 19.2% of the market and affordable housing 8.3%.
Other News
Keelbase Capital Acquires The Baxter Apartments in Bellevue
Keelbase Capital, a Seattle-based real estate investment firm, announced the acquisition of The Baxter, an 80-unit apartment community in downtown Bellevue. The acquisition reflects Keelbase’s strategy of targeting fundamentally strong, well-located real estate where capital market dislocations have created attractive investment opportunities. The transaction was capitalized with a group of prominent private investors and family...
Learn more
Boston Planning Board Okays Tax Breaks on Four Residential Projects
The Boston Planning & Development Agency board has approved tax breaks for four residential developments totaling 1,400 units, reported the Boston Business Journal. The proposals make official a proposal made last month by Mayor Michelle Wu’s administration, with a combined $31 million in tax breaks to two Allston developments and others in Brighton and Charlestown....
Learn more
Markham 873-Unit Development Site Sold Under Receivership
A fully approved Markham development site slated for 873 rental units has changed hands after its owner was pushed into receivership with nearly $40M owing to its first mortgage lender. The 0.95-acre property at 7115 Yonge St. and 8-14 Grandview Ave., just north of Steeles Avenue, was owned by TerraBona 7115 Yonge and envisioned as...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout