NEW YORK CITY—New York City multifamily building sales increased 18% in the second quarter of 2014 compared to the second quarter of 2013, and the dollar volume of those trades rose just 1%, according to Ariel Property Advisors’ multifamily quarter in review: NYC Q2 2014 report.

In the second quarter of this year, 328 multifamily buildings traded citywide in 174 transactions totaling $2.14 billion, compared to 277 buildings selling over 174 transactions totaling $2.1 billion in the second quarter of 2013. Volume in the second quarter declined compared to the first quarter, which had 195 transactions and 344 building trades valued at almost $3 billion.

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