AgentMarkets & Economy

Sales of NYC investment properties escalated in 2015

REBNY reports strong activity across multifamily, commercial and manufacturing developments
Published on Mar 23, 2016
  • Every borough but Staten Island had a year-over-year increase in consideration, with Manhattan leading the pack.
  • While Staten Island sales declined by 11 percent in the second half of 2015 compared to the year prior, the borough saw the highest escalation in transactions at 56 percent.
  • The other four boroughs had less than half the percentage increase in transactions that Staten Island saw, but still featured growth.

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by CareyBot

In the second half of 2015, New York City’s investment property sales rose 31 percent to reach $34.3 billion, while activity grew 23 percent in 2,901 transactions total, as compared to the second half of ...