The Reel

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A blog for breaking sales and neighborhood real estate news.

In 1Q15, 59 properties sold in Northern Manhattan, down from 88 properties sold in 1Q14.  Aggregate sales consideration in 1Q15 was $349 million, a decrease of 77% from 4Q14, which set an all-time record.

Northern Manhattan’s turnover rate for 2015 is on pace for 3.4% of the total stock of properties, 51% lower than in 2014, which set an all-time record.