The Real Deal New York

Scorecard: 60 Wall Street deal gave early 2017 I-sales figures a boost

By Adam Pincus | March 20, 2017 07:30AM

From the March issue:
Manhattan investment sales dipped slightly between December and January to $2.9 billion, but they remained higher than in any month since June, when buyers recorded $5.8 billion in commercial building sales, an analysis by The Real Deal of New York City property records showed.

The largest sale in January was the $1.04 billion purchase of a 95 percent stake in 60 Wall Street by the Singaporean sovereign wealth fund GIC, a review of Real Capital Analytics showed.

In Brooklyn, investment sales declined sharply between December and January.

The $377 million recorded was the second-lowest amount in the past 12 months.