New York City’s investment sales market recorded $6.8 billion in dollar volume in the first quarter of 2026, a 4% year-over-year increase and a 50% increase over Q1 2024 levels, Ariel Property Advisors reported. Led by free-market properties, multifamily dollar volume rose 11% Y-O-Y, according to Ariel’s New York City All Asset Investment Sales Report Q1 2026.
“New York City’s investment sales market got off to a robust start in 2026, with dollar volume up 50% from two years ago,” said Shimon Shkury, president and founder of Ariel Property Advisors. “While we see a clear bifurcation in the multifamily sector—with free-market assets thriving and rent-stabilized portfolios continuing a painful repricing—the broader investment landscape is gaining significant momentum.”
He continued, “With development filings hitting a 12-year high in March and institutional conviction returning to the office, hotel and industrial sectors, it is evident that capital is no longer sitting on the sidelines; it is actively positioning for the city’s next growth cycle.”
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...
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