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| Downtown Brooklyn was just one area of the boroughs experiencing stunning sales numbers in 2014. |
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| Downtown Brooklyn was just one area of the boroughs experiencing stunning sales numbers in 2014. |
A whopping $15.1 billion worth of commercial real estate changed hands in Brooklyn, Queens, Northern Manhattan and the Bronx last year, according to figures released Friday by Cushman & Wakefield.
The record sum represents a $5 billion increase over the total sales activity in those areas during the real estate market’s previous peak, in 2007, the report says.
In Manhattan north of E. 96th St. and above W. 110th St., a higher proportion of properties changed hands in 2014 than in any other area the company has ever tracked. Deep-pocketed buyers purchased 6.6% of land and buildings uptown, spending a collective $3 billion.
Brooklyn saw sales volume of $6.4 billion last year, a 67% increase from 2013. Manhattan’s $41 billion in 2014 sales dwarfed those of the other areas, however.
“(Last year) was the best investment sales market we have seen in the past 30 years,” said Bob Knakal, chairman of investment sales at Cushman & Wakefield New York.
tsalinger@nydailynews.com
Written BY Tobias Salinger NEW YORK DAILY NEWS Monday, February 2, 2015, 2:00 AM
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