Category: New York City

BlackRock Inc

BlackRock, Inc. (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. It offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions name.

New York City’s Small Multifamily Market

New York City’s Small Multifamily Market Balanced Across Boroughs
  • Units in small and large multifamily properties made up 75% of New York City’s rental market.
  • Large apartment building units are concentrated in Manhattan, while the city’s boroughs had a more even distribution of small multifamily.
  • Townhomes were most concentrated in Brooklyn, while single-family rentals (SFRs) had meaningful market share in Queens

According to the latest U.S. Census Bureau data, Manhattan included 27% of all occupied rental units in the city. However, Brooklyn held the crown, accounting for 31%. Queens and the Bronx had similar shares at around 20% each, while Staten Island comprised less than 3%.