NYC Investment Sales Reports

Second Half 2016 NYC Investment Sales Report

REBNY Press

February 27, 2017

The New York City investment sales market experienced stable activity and a moderate dip in total consideration (monetary value for recorded transactions) in the second half of 2016 compared to the second half of 2015. The total amount of transactions for all five boroughs was 2,880, which was 11 transactions, or one percent, less than the second half of 2015. Total consideration was $26.8 billion; a decrease of $7.5 billion, or 22 percent, from second half of 2015, which included two multi-billion dollar transactions (Stuyvesant Town / Cooper Village and 11 Madison Avenue). Despite this difference, the second half of 2016’s citywide consideration and number of transactions showed resilience year-over-year.