Brooklyn sales volume the highest on record in 2014, with 2,010 properties sold last year, an increase of 33 percent from the prior year. The borough’s sales volume exceeded a previous high of 1,916 properties sold in 2006. Total dollar volume  was up 67 percent from the previous year to $6.3 billion in 2014. However, Q4 was the weakest in 2014, averaging $1.1 billion in sales, a 36 percent decline from the quarterly average from the rest of the year. Development sites led by number of properties sold and dollar volume, accounting for 20 percent of all properties sold and totaling $291 million in Q4. Sales for development sites totaled $1.7 billion in 2014. While elevator properties accounted for only three percent of the borough’s sold properties in the fourth quarter, it totaled $158 million in dollar volume. View the full report online here.

4Q Brooklyn investment sales: Cushman & Wakefield