Breaking down Manhattan’s investment sales comeback
Despite a slowdown in the second half of the year, Manhattan investment sales rose 40 percent in 2022, reaching nearly $21 billion in total volume. The biggest share of that increase went into large multifamily assets — those with 10 or more units — where sales volume more than doubled from 2021. Purchases of development sites also nearly doubled, and investments in commercial properties increased 63 percent year over year. Perhaps most remarkably, despite persistent
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