New York City Multifamily Sales Jump 62% Year-Over-Year in Q1 2025
New York City’s multifamily investment market experienced a significant boost in the first quarter of 2025, with total dollar volume hitting $2.21 billion — a 62% increase compared to the same period in 2024. That’s according to Ariel Property Advisors’ Q1 2025 Multifamily Quarter in Review report. Transaction volume also rose 5% year-over-year, with 269 deals closed during the quarter.
Market-rate assets dominated activity, accounting for 88% of the total dollar volume — the highest share ever recorded — and 58% of all transactions. In contrast, rent-stabilized properties comprised 41% of the quarter’s deals but represented only 11% of the total dollar volume, marking the second-lowest share in the past five years.
“The surge of interest in free market multifamily properties from all investor types is a clear vote of confidence,” said Shimon Shkury, president and founder of Ariel Property Advisors. “It signals where capital wants to be — in assets with stable fundamentals and upside — especially as rent-stabilized properties remain clouded by regulatory uncertainty.”
Pictured: The Hub, a residential tower in Brooklyn, where Steiner NYC recently acquired full ownership by buying out equity partner JPMorgan Asset Management.
