Market Reports and Studies
Miller Cicero independently prepares a series of market reports covering the New York City investment property market on behalf of Massey Knakal, a leading commercial real estate brokerage firm. The reports available for download as Adobe Acrobat © PDF files below.
View our report methodology.
A survey of New York City Income Properties
In the second half of 2007 credit tightened considerably as the losses in sub-prime mortgages worked their way through the financial markets. While indicators are somewhat mixed, in general during this period prices for income property remained stable throughout the city, though the number of sales dropped, in some instances quite dramatically. This reflects the “wait and see” attitude that characterized the period, with fewer buyers bidding and sellers reluctant to lower prices. The fundamentals of the market remained strong, however, with high apartment rents and very low vacancy. The prospect of turning over below market rent-regulated units to higher market levels continues to attract investors, and credit, though tighter, was still available albeit from different sources. Cap rates and gross income multipliers remained stable...
Download prior reports:
New York City Income Property Market Report [1H07]
New York City Income Property Market Report [2H06]
New York City Income Property Market Report [1H06]
aka Massey Knakal Premium Study
A study by John Cicero, MAI, CRE of Massey Knakal building sales in 2005 relative to all building sales. Specific methodology of the study is attached to the report.
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