NYC Multifamily Deal Activity Will Soon Spike
Beneath the noise, the fundamentals of this market have been gaining real momentum.
After every election, the market exhales, recalibrates, and gets back to business. Currently, the market is in a "hold-your-breath" phase, with bid/ask spreads stretched and some deals slipping into next quarter.
That’s not weakness — it’s uncertainty. And uncertainty is peaking right now, not later.
Transaction activity is expected to jump sharply in the first quarter of 2026, and pricing will begin to firm, even if Zohran Mamdani wins City Hall.
The election will pass, and deal-makers will remember that New York always finds its footing faster than anyone expects. What is being seen today is hesitation, not deterioration, as political cycles often slow decision-making.
Author's summary: NYC deal activity to spike in 2026 despite election uncertainty.
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