First Quarter Investment Sales Down in NYC, But Activity Expected to Pick Up

First Quarter Investment Sales Down in NYC, But Activity Expected to Pick Up

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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