Buying a bite of the Apple: Queens investment sales volume fails to improve year over year

A capital markets recovery taking shape in some other New York City boroughs has not yet found root in Queens. Total sales volume across the four major property types reached nearly $500 million in the second quarter, still down 34% year over year and more than 20% below the five-year quarterly average. Comparing the first half of the year against 2024, the change was better but not indicative of recovery: Investment sales volume surpassed $1 billion through the first two quarters, down 12% from the same period last year.