Deals
NYC Property Sales Led by Northern Manhattan, Brooklyn
This article is for subscribers only.
Northern Manhattan and Brooklyn are leading gains in New York City commercial-property deals this year as apartment buildings in the areas attract investors, brokerage Massey Knakal Realty Services said today.
Sales of properties in upper Manhattan -- above 96th Street on the east side and 110th Street on the west -- totaled $441 million in the first half, triple the number for the same period in 2011, the New York-based firm said in a report. Brooklyn transactions rose 60 percent to $1.53 billion. For the entire city, deals climbed 14 percent to $14.4 billion.