INVESTMENT SALES IN MANHATTAN AND BROOKLYN Manhattan investment sales ended 2018 on a high note, exceeding $4.4 billion in deals recorded in December, nearly double the 12-month average. The top sale was for an 80 percent stake in five Manhattan properties, including 1 Morningside Drive, that AvalonBay Communities sold to Invesco for $607 million. Brooklyn saw $801 million in sales recorded in December, somewhat above average for the year and an 80 percent increase from […]
source https://therealdeal.com/issues_articles/new-york-city-investment-sales-through-december-2018/#new_tab
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