NYC Apartment Buyers Emerge From ‘Coma’ to Drive Record Sales
- Purchases jumped 152% in the second quarter from prior year
- Opportunity for bargains, New York’s reopening spurring deals
Photographer: Victor J. Blue/Bloomberg
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Manhattan apartment sales had their biggest gain on record, driven by opportunity-seekers sniffing bargains in a borough that’s still recovering from the Covid lockdown.
In the second quarter, transactions surged 152% from a year earlier, the biggest annual increase in data going back to 1990, according to a report Friday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.