The Real Deal New York

From the January issue: This month, The Real Deal examines some of 2007’s biggest real estate highlights. We looked at deals and statistics through mid-December and found that despite the worrisome headlines and concerns that Wall Street bonuses would crimp spending, New York City broke real estate records in multiple categories – although a number of them occurred before the summer credit debacle. For example, sales volume for Manhattan apartments reached a high in the first quarter of the year with 1,703 sales, the greatest number recorded since at least 1989, according to appraiser Jonathan Miller, executive vice president and research director for Radar Logic.