
Dollar volume and number of properties sold (source: Massey Knakal Realty Services)
Manhattan investment sales last year declined as the year wore on as sellers decided not to place properties on the market, even as the total amount sold far outpaced 2010, executives at investment firm Massey Knakal Realty Services said.
There were $21.7 million in investment property trades in 2011, up 87 percent from the $12 billion in 2010. But investment sales in the fourth quarter were just $5 billion, down from the $6.1 billion in the third quarter and $8 billion in the second quarter, the firm reported at a year-end market briefing this morning. [more]







