The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

In 2014, 974 buildings sold in Manhattan, up 21% from 2013.  This represented a turnover rate of 3.5%, 60bps higher than in 2013.

Manhattan's aggregate sales consideration in 2014 was $41 billion, up 42% from 2013.  The  4Q14 dollar volume was $10.4 billion, an increase of 6% over the quarter.

Additionally, property values in the borough increased by 34% in 2014 to an average of $1,407 per square foot and cap rates were down by 40 bps from 2013 to 4%.