NYC Investment Sales Reports

Second Half 2019 NYC Investment Sales Report


February 25, 2020

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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.