Investment property sales netted a healthy volume in 2013, despite a downturn in the number of properties sold.
Manhattan saw a total of 672 transactions comprising 852 properties in 2013, a slight decline from the 765 transactions composed of 935 properties in 2012, according to Ariel Property Advisors’ 2013 Manhattan Investment Property Sales report. Dollar volume for the year came in slightly north of $27 billion in gross consideration. That’s a 23 percent increase from 2012, when volume totaled $21.8 billion. [more]