Massey Knakal: Investment Sales Market Improving

Commercial firm Massey Knakal released its third quarter investment sales report, and it ranks Brooklyn as the borough with the most property sales so far this year, with 34 percent of all trades citywide. (Manhattan has a disproportionate share of dollars from sales, though, with sales in that borough making up 87 percent of the $19.1 billion in sales citywide.) There are also signs that the investment sales market in Brooklyn is doing better than last year: There were 529 sales in the first nine months of the year, an increase of 25 percent from the same period in 2010.
Third Quarter 2011 Property Sales Reports [Massey Knakal]