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NYC Apartment Property Values Projected to Rise in Fiscal 2026
The market value of New York City’s one million-plus properties is projected to rise 5.7% to $1.6 trillion in the upcoming 2026 fiscal year beginning on on July 1, Bloomberg News reported, citing a tentative assessment roll released by the Department of Finance. In contrast, values rose just 0.7% in 2024, reflecting the Federal Reserve’s aggressive rate hikes.
The picture is even better for co-ops, condominiums and rental apartment buildings where market values are projected to rise 7.3%, reported Bloomberg. Driven by a dearth of inventory, rents soared following the COVID-19 pandemic. The median rent for a one-bedroom apartment in New York City rose 21% between Feb. 2020 and September 2024, according to the city comptroller’s office.
Brooklyn is expected to lead the city with an estimated year-over-year market value jump of 9.4% as rental apartment values in the borough climb 15%.
- ◦Sale/Acquisition
- ◦Policy/Gov't

