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Scorecard: Manhattan investment sales in a three-month slump
A monthly round-up of data and reports on the commercial market
From the June issue: Manhattan investment sales clocked in at $836.2 million in April, less than half of the 12-month average of roughly $2 billion, according to an analysis of NYC Department of Finance data.
Carlyle Group’s $217.5 million bulk office condominium purchase was the largest transaction recorded in April.
Sales volume in Brooklyn was strong, with buyers closing $847 million, up from $375.9million the month prior.
A huge chunk of that total was from six huge deals, including RFR Holding and Kushner Companies’ $408 million buyout of partner Invesco Real Estate at the former Watchtower building.
