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NYC Real Estate Sales Surge | Real Estate News
Description
New York City’s investment sales market is surging, with a 60% jump across boroughs (excluding Staten Island) this year—outpacing last year and trending toward a 10-year average. Though Q2 dipped slightly from Q1 and last year, momentum remains strong, especially in development deals. Manhattan leads the charge with nearly 100 sales in Q2 alone, including massive Park Avenue and Fifth Avenue purchases. Office sales in Manhattan alone hit billions in H1, defying global headwinds and high interest rates by focusing on the market’s solid fundamentals. Overall, the big picture? Solid, active, and capital-rich.
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