Scary! Number of Manhattan Building Sales Expected to Plummet 68 Percent

2009 is going to be an even sleepier year for Manhattan building trades than 2008, according to a report released Thursday morning by commercial real estate brokerage Massey Knakal, which specializes in mid-market investment sales.

"Annualized sales figures suggest that 2009 will see a 59 percent decline in total dollar sales volume and a 68 percent decline in the number of sales," reads the report. Yikes!

We called Kyle Mast, a Massey Knakal managing director and...

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