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 are available for download as Adobe Acrobat © PDF files below.

New York City Income Property Market Report [1H08]

A survey of New York City Income Properties

Though underwriting may be more conservative, the decline in sales volume is a function of lack of inventory rather than lack of demand. The underlying rental market remains strong and investors continue to be interested in such property but supply is constrained. The consolidated median price per square foot across markets declined to $222, down 5% from the prior six month period. Similarly, the median cap rate (across all sectors) inched up slightly to 5.8% from 5.5% from the prior period while the median GIM slipped from 12.4 to 11.5...

Report Methodology

Market Report Archive