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1/29/2024: Episode 84 - Multifamily Year in Review 2023 featuring Victor Sozio & Matt Dzbanek
Manage episode 398227484 series 3261626
İçerik Ariel Property Advisors tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Ariel Property Advisors veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
Ariel Property Advisors’ Victor Sozio, Founding Partner, and Matt Dzbanek, Senior Director, Capital Markets, join Shimon Shkury, President and Founder, for this discussion on how high interest rates, regulations and bank failures contributed to the lackluster performance in the New York City multifamily market in 2023. According to Ariel Property Advisors’ Multifamily Year in Review New York City, the multifamily sector in New York City experienced a notable downturn, with total dollar volume of $7.4 billion spread across 1,036 transactions, a year-over-year drop of 52% and 35%, respectively. However, the anticipation of interest rate cuts and an influx of new capital is already leading to renewed activity in the new year.
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