New York City’s multifamily investment sales market gained momentum in the third quarter, rising to $2.55 billion in dollar volume, up 14% quarter-over-quarter and 17% year-over-year, according to Ariel Property Advisors’ Q3 2025 Multifamily Quarter in Review New York City. Transactions totaled 331, up 7% from Q2 2025 and up 23% from Q3 2024.
Nearly half the Q3 dollar volume was in Manhattan, where sales were dominated by well-capitalized investors targeting high-value free-market multifamily assets. The quarter’s two largest trades included GO Residential Real Estate Investment Trust’s $352.2-million acquisition of an approximately 30% stake in a three-building Upper East Side luxury multifamily portfolio, and JPMorgan Asset Management’s acquisition of a 44-story, 422-unit luxury apartment building at 560 W. 43rd St. for $243.5 million.
“Investors continue to favor free-market multifamily buildings, which made up 84% of New York City’s dollar volume in Q3,” said Ariel president and founder Shimon Shkury. “Regulatory flexibility, rent growth and steady demand keep driving that strength, while rent-stabilized assets remain challenged” since passage of the Housing Stability & Tenant Protection Act of 2019.
The post NYC Multifamily Investment Sales Rise 17% Y-O-Y in Q3 appeared first on Connect CRE.
