The Real Deal
•66% Informative
New York City office sales are down nearly 50 percent from last year.
New York multifamily sales this summer fell to their lowest level since half Federal Reserve started Manhattan interest rates in March 2022.
Dealmakers are avoiding office Phoenix and instead looking at more stable asset classes.
Lenders especially are focusing on metrics outside of valuations.
Investors are unsure about office valuations, banks are pulling back from commercial real estate across the bo New York City l expenditures needed t nearly 50 percent buildi last year itive today are Avison Young in New York risky for most ban this summer de financing.
In New York, there the Federal Reserve ew big-ticket office deals. March 2022 ar Ariel Property Advisors lGi">Comparato Alex Horn __NxlGi">Fed < Miami class="summary BridgeInvest htText__NxlGi">$2 billion Mori Trust Japanese 245 Park Avenue 47 50 percent SL Green Midtown Chris Coiley t__NxlGi">$320 million Valley Bank yFee New York ghtTe New Jersey >1330 Sixth Silverstein Properties Fifth Avenue Coiley ry Appraisal LightT Historically 529 Great Neck Long Island New York kimian Igal Namdar Josh Rahmani jargon > Empire Capital’s Ebi Khalili New York less than zero Mark Godfrey ig CBRE xt__NxlGi">Comparato abo Godfrey e years ago Benefit Street Partners Michael Comparato today Nussbaum 7 or 8 percent Jonah Sonnenborn ed_highLightText__NxlGi">3 Len Blavatnik’s the next five to 10 years Scale Blackstone e Brookfield roup RXR n> Martin Nussbaum only 5 percent Wall Street Journal xlGi">CBRE 62 ="summaryFeed_highLightText__NxlGi">aroun October cent
VR Score
77
Informative language
86
Neutral language
57
Article tone
semi-formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links