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NYC Investment Sales Down Sharply in '17, But Fundamentals Hold Promise

Coldwell Banker Commercial Advisors analysts point to stronger results in the second half of last year as key indicators of better times in 2018.

By John Jordan | Updated on February 08, 2018

Exterior of 1440 Broadway One of the largest transactions in the fourth quarter of 2017 was the $520-million purchase of New York REIT’s 1440 Broadway by CIM Group LP.

NEW YORK CITY—Investment sales total dollar volume and transaction activity here were down in 2017, but analysts point to stronger results in the second half of last year as key indicators of better times this year.

Overall investment sales activity in Manhattan, Brooklyn, Queens and the Bronx totaled $31.9 billion (3,053 transactions) in ’17, down approximately 40% from a year earlier, according to Coldwell Banker Commercial Advisors.

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