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A blog for breaking sales and neighborhood real estate news.

July 21, 2015
Capital New York
Sally Goldenberg

New York City's real estate market is on pace to break a record this year with a projected $75 billion in land and building sales by the end of 2015, new data from brokerage firm Cushman & Wakefield shows.

So far this year, sales volume is around $38 billion, the data shows.

The record is $62.2 billion in 2007, the year before the recession hit and the housing market tanked.

"We're a healthy pace above that," Bob Knakal, chairman of New York investment sales at Cushman & Wakefield said during a panel discussion Tuesday morning...

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