Here are the key takeaways from the report.

Multifamily rental, elevator transactions declined 17%, consideration declined 65% and the average price declined 58% year-over-year.
Multifamily rental, non-elevator transactions declined 44%, consideration declined 55% and the average price declined 21% year-over-year.
Office transactions declined 12%, consideration declined 45% and the average price declined 38% year-over-year.
Garages/gas stations/auto transactions declined 29%, consideration increased 3% and the average price increased 44% year-over-year.
Vacant land transactions declined 33%, consideration declined 17% and the average price increased 24% year-over-year.
Industrial transactions remained flat, consideration increased 32% and the average price increased 32% year-over-year.
Hotel transactions declined 75%, consideration declined 81% and the average price declined 24% year-over-year.
Retail transactions declined 13%, consideration declined 19% and the average price declined 7% year-over-year.
Commercial condo transactions declined 70%, consideration declined 98% and the average price declined 94% year-over-year.
Manhattan investment sales transactions declined 35%, consideration declined 59% and the average price declined 37% year-over-year.
Bronx investment sales transactions declined 23%, consideration declined 37% and the average price declined 18% year-over-year.
Brooklyn investment sales transactions declined 25%, consideration declined 41% and the average price declined 22% year-over-year.
Queens investment sales transactions declined 41%, consideration declined 57% and the average price declined 28% year-over-year.
Staten Island investment sales transactions declined 36%, consideration declined 18% and the average price increased 29% year-over-year.

Instant Insights /

New York City Investment Sales Drop 54% In First Half of 2020

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