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New York City Income Property Market Report Released

The Massey Knakal New York City Income Property Market Report [pdf] [1] was just released for the second half of 2006. This report, which we prepare on behalf of the brokerage firm Massey Knakal [2], examines cap rates, gross income multipliers, median price per square foot and number of sales for multi-family and mixed-use buildings in five New York City submarkets: Manhattan, Northern Manhattan, the Bronx, Queens and Brooklyn.

Overall, values and rates held steady throughout the City, though the number of sales dropped sharply.

Massey Knakal New York City Income Property Market Report 2H 06 [pdf] [1]

Report Methodology [Miller Cicero] [3]