For Brooklyn property investors, multifamily assets are a mainstay
Despite a slowdown in transaction volume in 2016, Brooklyn investment properties continued to appreciate. With limited barriers ahead, prices are poised to head higher, particularly for multifamily properties, as the borough’s ever-changing landscape captivates the attention of both institutional and private investors.
New York City’s biggest borough registered another year of price growth in 2016 as demand outweighed limited supply against the backdrop of a still-attractive financing environment. For the year, Brooklyn saw 1,327 transactions consisting of 1,646 properties totaling about $7.8 billion in gross consideration, according to Ariel Property Advisors’ newly released “Brooklyn 2016 Year-End Sales Report.”