Sales of NYC investment properties escalated in 2015

REBNY reports strong activity across multifamily, commercial and manufacturing developments
  • 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.

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 2014.