NYC Investment Sales Reports

Second Half 2019 NYC Investment Sales Report

REBNY Press

February 25, 2020

In the second half of 2019, the total consideration, or total monetary value for all recorded sales, in the New York City investment sales market reached $18.6 billion citywide—a result of 1,716 total transactions. Total consideration in the second half of 2019 decreased 14% year-over-year, while the total number of transactions declined 18% year-over-year. The largest transaction was a $909 million office building trade at 711 Fifth Avenue, from Coca Cola to Nightingale Properties. Overall, sales consideration of multifamily residential buildings decreased 52% year-over-year and transactions decreased 38% year-over-year.