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NYC investment sales trail Q2 2026 pace as annual volumes jump
Avison Young projects $22.87 billion in New York City investment sales for 2026, near the city’s 10-year average of $23.4 billion.
New York City investment sales dipped 10 percent in the second quarter of 2026, but Avison Young said the city is now running ahead of its 2025 pace as capital markets and office financing reopen.
According to Commercial Observer, overall investment sales rose annually by 60 percent in the first half of 2026, with transaction counts and dollar volumes increasing across Manhattan, Brooklyn, Queens, and the Bronx. Quarterly citywide sales volume fell to $5.42 billion from $5.68 billion, reflecting continued market volatility.
Commercial Observer reported that the city is on pace for $22.87 billion in annual investment sales in 2026, approaching the New York City 10-year average of $23.4 billion. Manhattan recorded 94 sales in Q2, with volume led by Extell Development’s $451 million purchase of 405 Park Avenue in May.
The report highlighted several major deals, including Sovereign Partners’ $378 million purchase of 575 Fifth Avenue and Namdar Realty Group’s $280 million acquisition of 250 West 57th Street. It also said development sales climbed year over year from 3 to 13 transactions totaling $707 million, while Manhattan office sales were the quarter’s largest dollar volume at $1.51 billion, with office sales up 110 percent year to date to $3.3 billion.