Brooklyn’s multifamily dollar volume jumps 50 percent to $505M in the third quarter
Multifamily dollar volume in Brooklyn jumped 50 percent to over $505 million in the third quarter 2014 compared to the third quarter 2013, and the number of buildings traded in the borough rose 16 percent to 85, according to Ariel Property Advisors’ Multifamily Quarter in Review: New York City I Q3 2014.
Brooklyn accounted for 26 percent of the 330 multifamily buildings sold in New York City in the third quarter and 16 percent of the city’s total multifamily dollar volume of $3.258 billion.