The Reel

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A blog for breaking sales and neighborhood real estate news.

Northern Manhattan activity has been off the charts. In 2014, 464 buildings are expected to sell, an increase of 17% from the form record high in 2013. In 3Q14, almost 150 properties sold – one of the strongest quarters ever. 

Through 3Q14, the average price per square foot was $303, up 19% from 2013.  At a property type level, walk-ups (24%) and mixed-use (39%) buildings have seen the strongest increases.  Those two property types make up the majority of Northern Manhattan’s building stock.