NEW YORK CITY—Paced by the $5.45-billion sale of Stuyvesant Town & Peter Cooper Village, multifamily sales in New York City reached a record-settling $19 billion in 2015.

Excluding that sale, the city’s multifamily sales volume was still on par with 2014′s record sales volume, according to a report by brokerage firm Ariel Property Advisors. Multifamily transaction volume approached $13 billion in 2014. The latest Ariel Property Advisors’ report, titled “Multifamily Year in Review: New York City, 2015,” covers the multifamily sub-markets of Manhattan, Northern Manhattan, the Bronx, Brooklyn and Queens.

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