Property sales in New York City declined significantly in the first quarter of 2013, according to research from Massey Knakal Realty Services, a real estate firm serving the metro area. There were 559 properties sold in the city during the first three months of the year, totaling $6.5 billion. On an annualized basis, these figures would indicate a 37 percent decline in dollar volume from 2012 and a 45 percent decline in the number of assets sold.
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