The Real Deal New York

NYC’s $100M-plus investment sales market heats up

After lackluster start to year, big-ticket building sales and listings on rise
By Adam Pincus | October 18, 2012 10:30AM

From the October issue: After a lackluster start to the year, the fall selling season for the priciest Manhattan buildings and development sites — those with price tags of $100 million and up — has kicked into high gear with a rush of properties recently hitting the market.

Those listings, which total more than $5 billion, include two buildings — 11 Madison Avenue and 825 Eighth Avenue, also known as Worldwide Plaza — that are expected to fetch more than $1 billion each. If either sells before Dec. 31, it would easily break the record for the most expensive sale of the year. [more]