Scorecard: Manhattan I-sales still way behind 2016 monthly average

A monthly round-up of news and reports on the commercial market
By Adam Pincus | May 30, 2017 07:30AM


From the May issue: Manhattan investment sales rose by 37 percent from February to March but still remained less than half of the past year’s monthly average 0f $2.16 billion, according to a TRD analysis of data from Real Capital Analytics.

Buyers closed just under $900 million in sales and the largest deal was Brookfield Property Partners and the Swig Company’s $370 million purchase of the ground lease for The Office Building 1100 Sixth Avenue in Midtown.

In Brooklyn, buyers acquired $375 million in assets, about 30 percent below the 12-month average.

The borough’s largest deal was CW Realty’s $42.5 million buy of an industrial property at 48 North 3rd Street in Williamsburg.