Q1 Brooklyn Investment Sales Volume Leads City
Yesterday the firm Massey Knakal released a report saying that the most investment properties sold in the first three months of this year were in Brooklyn, which notched 146 property sales totaling $324 million, an increase of 103 percent over the same quarter in 2010 and a 33 percent jump over the final quarter of…
Yesterday the firm Massey Knakal released a report saying that the most investment properties sold in the first three months of this year were in Brooklyn, which notched 146 property sales totaling $324 million, an increase of 103 percent over the same quarter in 2010 and a 33 percent jump over the final quarter of last year. Unsurprisingly, though, the dollar amount of investment sales in Manhattan for the first quarter far outpaced Brooklyn and every other borough, accounting for $3.1 billion of the city’s total $3.9 billion. The dollar volume on every type of property tracked in the report for Brooklyn—industrial, apartment, mixed-use, retail, and development—showed significant increases year-over-year aside from retail buildings, which were down 29 percent from the first quarter of ’10.
Brooklyn Leads City in 1st Quarter Investment Sales Activity [Eagle]
Photo of a Bensonhurst building that sold for $3.2 million in February from PropertyShark.
Everyone doing bldg sales says huge surge of buyers, little product available.
Oh wow, this is right around the corner from where I live………..OK, big deal !!
I believe this was a nursing home or something like that, and was shut down for reasons unknown, it is on Bay Parkway – 86th and Benson Ave