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How investment sales fared in Manhattan and Brooklyn in January

Investment sales in Manhattan and Brooklyn Manhattan investment sales had a slow start to the year with $ 1.19 billion in deals recorded in January, down 60 percent from December and 45 percent below the 12-month average. Once again, the borough’s largest sale went to ground lease REIT Safehold, which acquired the land underneath Unizo Holdings’ 685 Third Avenue for $ 180 million as part of a deal that saw the Japanese firm fully withdraw from NYC.

The Real Deal New York

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