JANUARY MULTIFAMILY TRANSACTIONS UP, DOLLAR VOLUME FALLS,ACCORDING TO ARIEL PROPERTY ADVISORS’ REPORT

JANUARY MULTIFAMILY TRANSACTIONS UP, DOLLAR VOLUME FALLS,ACCORDING TO ARIEL PROPERTY ADVISORS’ REPORT

NEW YORK, NY – March 12, 2012 – (RealEstateRama) — Multifamily transactions in New York City increased six percent in January 2012 compared to December 2011, but month-over-month dollar volume fell due to the absence of deals by institutional investors, according to Ariel Property Advisors’ Multifamily Month in Review: New York City.

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Ariel Property Advisors is a New York City investment property sales firm. The firm produces a number of research reports including the Multifamily Month in Review: New York City; Northern Manhattan Sales Report; and Northern Manhattan Fundamentals Report.

Contact:

Phone: 212-544-9500 or 917-301-5706

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