Getting all my information from here.
According to Michael Pachter, it was.
“Max Payne 3 a flop, according to NPD; can’t believe Rockstar put off releasing GTA to work on that game.”
“Without divulging too much NPD goodness, I can tell you that Max Payne 3 sales were less than 50% of LA Noire’s. 8 years in development!”
Less that 50% of LA Noire is pretty nuts considering Max Payne was a straight up shooter.