More than $9 billion of real estate sold in Manhattan this year

Report from Inman shows a year of healthy sales for Manhattan brokers

Photo by Sam Valadi licensed under CC 2.0

(NEW YORK, NEW YORK)— Over $9 billion of  real estate has been sold in Manhattan this year according to a report from amNewYork.

The high numbers have been driven by luxury mega-projects in Hudson Yards, and sales between giants like Google, Warner Brothers and Allianz.

The largest real estate deal outside Manhattan was in Hunts Point in the Bronx. The Madison Marquette sold the BankNote building to iStar for $64,582,900.

With a staggering number like that, it’s surprising that the sale is only the 24th largest in the city over all. Warner Brothers sale of its Hudson’s Yard address to real estate company Related Companies topped the list at $2,155,000,000.

The largest sale in Brooklyn was in Crown Heights. LIVWRK bought the property at 1000 Dean Street for $55,950,000. The largest sale in Queens was in Long Island City, where luxury developments were springing up in anticipated of the now-canceled Amazon HQ deal. 11-40 45Th Road sold to Century Development Group for $26,017,450. Staten Island was the only borough that didn’t break the top 50.

Read the full list of the Top 50 at amNewYork.

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