After a rough 2020, Q1 2021 suggests depressed activity will continue for NYC multifamilyNYC sales volume remains below $1B for fourth consecutive quarterMultifamily sales activity records year-over-year drop for 9th consecutive quarterThe city’s most expensive deal traded for a mere $22,875,000Manhattan sales volume falls 70% Y-o-Y, closing only $277 million in multifamily salesBrooklyn prices down across the board, average price per unit contracts $103K Y-o-YBronx unit volume slashed by 60% Y-o-Y, only 329 units sold in Q1 2021Down 9% Y-o-Y, Queens’ sales activity experiences least-sharpest rate of decline among the four boroughs While 2020 was a year of massive change throughout the real estate industry, for the NYC multifamily…