Research & Insights

Block by Block: 3Q21

The New York City investment sales market continues to climb out of the COVID-induced commercial property market recession. While there is a tangible sense of optimism and markets are beginning to return to long-term averages, the recovery seems to remain constrained by externalities impacting the market.

View Report

Quarterly Reports

Block by Block: 3Q21

The New York City investment sales market continues to climb out of the COVID-induced commercial property market recession. While there is a tangible sense of optimism and markets are beginning to return to long-term averages, the recovery seems to remain constrained by externalities impacting the market.

Block by Block: 1H21

A sense of optimism and excitement is being felt in the investment sales property market following the easing of COVID restrictions and the reopening of many businesses in New York City.

While the transactional numbers have yet to fully demonstrate that optimism, there are promising signs indicating that the second half of the year should return to the transactional averages of 2018.

1Q21 Report Cover

Block by Block: 1Q21

The New York City investment sales market started the new year with the same muted market-wide performance that it ended with in 2020. While the first quarter’s results left much to be desired, we remain confident that the second half of 2021 will see a return to the long-term transactional averages as the vaccine rollout continues its momentum and businesses and people alike begin to return to the city.

2020 Market Update & 2021 Predictions

2020 will be remembered as the year New York City commercial real estate weathered a storm like no other. Before COVID-19 impacted our daily lives, 2020 was expected to be a challenging year for commercial real estate due in part to rent regulation law changes in 2019, tax increases, and what promised to be a turbulent election cycle.

Block by Block: 1H20

After a challenging year in 2019, 2020 started off in positive fashion with the first quarter showing promising returns in both dollar volume and transactions. The market finally began to show signs of life following the rent regulation changes in June 2019 as dollar volume and transactions appeared to be trending back towards long-term averages.

Block by Block: 4Q19

2019 was a tumultuous year for the New York City investment sales market. There was Amazon’s derailed plan for its HQ2 in Long Island City, along with sweeping rent reform legislation from the state government.

Even with external factors potentially wreaking havoc, the investment sales market finished 2019 with a total dollar consideration of just under $34B — a decline of 7% from 2018 but a slight increase (+2%) from two years ago.

Block by Block: 3Q19

As the new reality of stricter rent regulations becomes clear, the investment sales market in New York City continues to underperform its historical trend. That’s pushed the trajectory of industrial and retail in very different directions.

Block by Block: 1H19

The investment sales market in New York City continued its sluggish performance through the second quarter of 2019. But even in this environment, opportunity still exists in certain pockets of the city. So B6 tapped three of its brokers to find out where they see potential upside in their neighborhoods.

Block by Block: 1Q19

The investment sales market in 2019 got off to a slow start amid uncertainty in the broader economy and speculation about major rent reforms this summer. But even amid a market slowdown, development is continuing thrive.

View all reports

Insights

2020 Market Update & 2021 Predictions

2020 will be remembered as the year New York City commercial real estate weathered a storm like no other. Before COVID-19 impacted our daily lives, 2020 was expected to be a challenging year for commercial real estate due in part to rent regulation law changes in 2019, tax increases, and what promised to be a turbulent election cycle.

B6’s 2020 Predictions Report

Last year was a tumultuous one for the investment sales market in New York City. New rent regulation put a damper investors’ appetites after the state’s legislation passed in June. Even amid a roaring economy, 2H19 was a sluggish one.

As we head into 2020, there’s cautious optimism around the B6 offices. We surveyed our investment sales and capital advisory teams to gauge opinions on where the market is headed. Here’s what we found.

View Insights

Recent News

James Nemeroff Joins B6 Real Estate Advisors

November 9, 2021

James Nemeroff was hired at B6 Real Estate Advisors last month as an associate director. He’s working alongside managing director Dylan Kane and senior director Zachary Redding. Nemeroff was previously a vice president at Thylan Associates of New York, where he worked on acquisition underwriting and other duties. He also has worked at Strat Development […]

Read More

Top Young Professionals Class of 2021

Commercial Observer
November 1, 2021

Congratulations to Alix Curtin and Mitchel Flaherty on being recognized as 2021 young professionals by Commercial Observer.

Read More

Kiara Thomas Joins B6 Real Estate Advisors

October 19, 2021

B6 Real Estate Advisors last month hired Kiara Thomas as a director of investment sales in New York. She works on deals in the West Harlem neighborhood and reports to founding partner and chief executive Paul Massey. Thomas was previously a residential sales agent at Douglas Elliman in New York, and before that was a […]

Read More

Inside the Boardroom: Paul Massey

Daily Beat
October 9, 2021

Paul Massey, Founding Partner and CEO at B6 Real Estate Advisors, joined the Real Estate Daily Beat for an interview. We discussed the brokerage landscape, Paul’s bullish outlook on rent-regulated assets throughout New York City, and other interesting topics.

Read More

BronxNet

BronxNet
September 15, 2021

Hear from our very own Mitchel Flaherty about his views on afforable housing in the Bronx.

Read More

Recent Commercial Real Estate Transactions

The New York Times
September 14, 2021

FOR SALE: 88 and 90 White Street This site consists of two adjacent buildings in Chinatown. The five-story, 9,350-square-foot building at 88 White Street was built in 1890 and has two commercial floors; three two-bedroom, full-floor apartments; and a basement. The third-floor apartment is occupied and rent-stabilized; the other spaces will be delivered vacant. The […]

Read More

Inwood Watches Closely as New Zoning Kicks In

The New York Times
September 10, 2021

Taller buildings are going up, but, so far, developers are making good on their promises to bring affordable housing to the neighborhood.

Read More

How New York City Has Changed Since 9/11

Realtor Magazine
September 8, 2021

Lower Manhattan, which experienced the enormous 9/11 tragedy, has come back to life—but is now facing new challenges brought on by COVID-19, just as other cities are, too.

Read More

Recent Commercial Real Estate Transactions

New York Times
August 3, 2021

Built in 1921, this eight-story, 15,550-square-foot building in Midtown contains five floors of office space, two floors of salon space and a retail space at ground level.

Read More

Wholesaler MySales Picks Up Queens Industrial Site for $25M

Commercial Observer
July 30, 2021

Wholesaler MySales just snatched up an industrial site at 75 Onderdonk Avenue in Ridgewood, Queens, for $25 million to be used as its new distribution center.

Read More

Top Mortgage Brokers & Lenders 2021

Connect 2021 Top Mortgage Brokers and Lenders
July 27, 2021

B6 Real Estate Advisors is an investment sales, capital advisory and special situations firm focused on the middle market. The firm has operations in New York City and Northern New Jersey.

Read More

B6 Arranges Multi-Tenant Retail Sale in Corona

Connect Media
July 22, 2021

B6 Real Estate Advisors handled the sale of 106-20 Corona Ave. in Corona, Queens for $3.16 million. The property is located across the street from the renowned Park Side Restaurant.

Read More

Get the latest property email alerts

The latest investment sales opportunities delivered to your inbox as soon as they are available.

Close

Stay in the know

Thanks for subscribing!