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NYC Multifamily building sales plummeted in 2019

A clear picture of the effect of rent law reforms on New York’s multifamily housing market has emerged, and it’s not looking good for small and midsize sales. Last year, the number of New York multifamily building transactions valued between $ 7 million to $ 75 million dropped 45 percent, from 385 sales in 2018 to 212 sales in 2019, according to the Commercial Observer, citing data from Ackman Ziff. The city’s landlords were dealt a blow

The Real Deal New York

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