By creating off market opportunities for our clients, we’ve been able to provide them with an unprecedented level of discretion over their acquisition of valuable assets.
New York, New York (PRWEB) March 04, 2015
A total of 5,197 properties changed hands in Manhattan in 2014, breaking the 2007 record of 5,018 property exchanges. The dollar value of real estate sales also rose dramatically in 2014, up nearly 50 percent from sales figures in 2013.
Manhattan, where $41 billion in real estate was bought last year, accounted for the bulk of the sales volume. Nearly seven percent of all the properties in Upper Manhattan were purchased in 2014. Brooklyn saw the highest overall percentage increase in sales, up 67 percent since 2013. In total, a staggering $55.8 billion worth of real estate was traded in the city last year.
Robert Khodadadian’s brokerage firm Skyline Properties boasted an impressive $120 million in commercial real estate sales in 2014. Khodadadian left Eastern Consolidated in 2013 to strike out on his own. Since then, his fledgling company has capitalized on the burgeoning market for “quiet deals” that offer their clients a level of discretion not found in traditional real estate sales.
Khodadadian credits his company’s success to their swift response to the changing real estate climate in New York City. “By creating off market opportunities for our clients, we’ve been able to provide them with an unprecedented level of discretion over their acquisition of valuable assets.”
Khodadadian, whose brokerage firm was nominated as the January 2014 Company of the Month by the New York Real Estate Journal, is confident that the upturn in the market will continue in 2015. “New York City real estate is an established, well-recognized market for investment. In light of last year’s remarkable growth, there’s no reason this trend shouldn’t continue well into the future.”