$10.5B+
Total Volume
30,023
New Units
#1
US Metro Rank
4.12%
10-Yr Treasury
Executive Summary
Watch the full 2025 market breakdown presented by Mendy Realty.
The Return to Action
The NYC multifamily market in 2025 finished with a powerful surge in Q3 and Q4. Driven by "City of Yes" zoning reforms and stabilizing interest rates, New York City reclaimed its title as the nation's top multifamily builder.
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Manhattan Flight to quality in free-market assets.
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Brooklyn Leader in transaction count & mid-size development.
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Queens Mega-project hub (Willets Point, Innovation QNS).
Key Insight
"We are seeing the highest velocity of deals in the $50M - $100M range since 2021."
2025 Transaction Volume (Est.)
Quarterly Growth
Top Transactions (2025)
Significant market movers defining the year
| Property | Borough | Buyer | Price |
|---|---|---|---|
| 800 Fifth Avenue | Manhattan | Naftali Group | $810,000,000 |
| UES Luxury Portfolio | Manhattan | GO Residential | $352,200,000 |
| Bronx Portfolio (36 Bldgs) | Bronx | PH Realty Capital | $189,000,000 |
| 560 West 43rd St | Manhattan | JP Morgan | $100M+ |
| Ocean Park Apts | Queens | Tredway / Brookfield | $88,000,000 |
| 146 South 4th St | Brooklyn | Undisclosed | $82,500,000 |
*Data sourced from public records and Mendy Realty market analysis.
Read the Full Report
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