The Reel

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A blog for breaking sales and neighborhood real estate news.

In 2014, Northern Manhattan saw 458 buildings sold, an increase of 12% from 2013.  The aggregate sales consideration in 2014 was $3 billion, up 46% from 2013 and 102% higher than the last cycle’s high of $1.5 billion in 2007.

The turnover rate in 2014 was 6.6% of the total stock of properties, the highest rate ever recorded for any New York City.