Tag: New York City real estate deals

There were 131 transactions totaling $203 million recorded in New York City over the past 24 hours before 2 p.m. on Wednesday, Dec. 24.

🏆 Residential: The top home sale recorded in New York City was in the Flatiron District. Heidi and Max Garfield, both attorneys, snapped up a co-op at 876 Broadway for $4 million. The seller was Andrew Weissmann, also an attorney who served as a lead prosecutor in Robert Mueller’s Special Counsel Office and is an MSNBC/NBC legal analyst. The two-bedroom pad has two and a half baths and went on the market in March for $4.6 million. Weissmann had owned the unit since 2009, when he purchased it for just under $2 million. Sotheby’s International Realty’s Glenn Norrgard, Jason Bauer and Samanatha Sitinas had the listing.

🏆 Commercial: The top recorded commercial real estate transaction in the Big Apple was a tie. In Brighton Beach, parking facilities at 75 Oceana Drive East and 90 Oceana Drive West sold for a combined $15 million. The seller, an LLC tied to Centerpark, had purchased the facilities for just over $6 million about two years ago. The buyer in the latest deal was an LLC linked to Joshua Plavner. In East Harlem, New Life Holding Corp. parted with a mixed-use building at 2162 Third Avenue also for $15 million. The buyer was St. Francis Friends of the Poor, which provides permanent, supportive housing for the homeless with mental illness. The seller had owned the property, which has eight apartments, for decades.

📊 Commercial: In Carnegie Hill, two neighboring mixed-use buildings at 107 and 109 East 89th Street changed hands for $7.5 million. An LLC tied to Astoria-based First Management Corp. was the buyer. The seller was an LLC managed by Bruce Haley, who had owned the buildings since the late 1970s.

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There were 264 transactions totaling $1.4 billion recorded in New York City over the past 24 hours before 4 p.m. on Tuesday, Dec. 23.

🏆 Residential: The top home sale recorded in New York City was in Lenox Hill. EJS Development sold three pads at 200 East 75th Street for a total of $50.3 million. One 5,300-square-foot penthouse traded for $21.2 million, while another 4,800-square-foot penthouse went for $18.5 million. The buyers of those units were LLCs. A third 3,700-square-foot unit with six bedrooms went for $10.6 million to buyer Aaron Appel, a former JLL executive who is now at Walker & Dunlop. Compass’ Alexa Lambert, Susan Wires and Marc Achilles are handling sales at the development.

🏆 Commercial: The top recorded commercial real estate transaction in the Big Apple was in Maspeth, where a recently renovated industrial property at 75 Onderdonk Avenue traded for $28 million. The seller was Kevin Zhang and the buyers were Leopold and Hillel Kaff. The property measures 66,000 square feet, pricing the deal at about $424 per square foot. Brian Jaffe of Jaffe Realty had the listing. Zhang had owned the building since 2021, purchasing it for $24.5 million.

📊 Commercial: In the Garment District, an 18-story office building at 39 West 37th Street changed hands for $26.5 million. The seller was real estate investor Walter & Samuels, led by David I. Berley. It wasn’t immediately clear when the firm took over the building. Its newest owner is Blake Partners, a New York-based real estate investment firm. The property measures 98,300 square feet, pricing the deal at about $270 per square foot.

📊 Commercial: An 88,000-square-foot industrial building at 845 East 136th Street in the Port Morris section of the Bronx traded for $21.7 million. The seller was an affiliate of Brookfield Properties, and the buyer was an LLC tied to Irvine, California-based LBA Realty. Brookfield offloaded the property at a loss; the firm had purchased it in 2020 for $27.9 million.

📊 Residential: Knight Skyline LLC, managed by Christopher Cook, snapped up a penthouse at 50 United Nations Plaza for $28.5 million. The duplex penthouse spans the top two floors of the building and spans about 9,700 square feet. It has seven bedrooms and seven and a half bathrooms, along with more than 1,500 square feet of exterior space.

📊 Residential: A 5,100-square-foot duplex with four bedrooms and six and a half bathrooms at 15 Hudson Yards sold for $19.5 million — more than $3,800 per square foot — to HY88D LLC. Corcoran’s Hottinger Team and Arsic Lau Team are handling sales at the property, which was developed by Related Companies and Oxford Properties Group. The unit’s last asking price was just under $23 million.

📊 Residential: In the Financial District, a penthouse at 33 Park Row sold for $18.5 million, $1 million off its asking price. The sponsor unit went to Rick11 LLC, managed by Zachary P. Pappas. The 5,400-square-foot unit has five bedrooms, five and a half bathrooms and two private elevator landings. Centurion Property Investors is the developer behind the 30-unit project. Compass’ Leonard Steinberg, Herve Senequier, Amy Mendizabal, Calli Sarkesh and Lois Planco had the listing.

By the Numbers: Here are the details on 80 Clarkson’s offering plan

Zeckendorf Development and Atlas Capital Group now anticipate that their new ultraluxury tower, 80 Clarkson Street, will have a projected sellout of $2.2 billion, after raising the prices on almost two dozen pads.

The developers updated the sellout for the two-tower project, one of the market’s buzziest yet highly secretive new developments, in October, tweaking the prices on 23 units to tack on another $24 million to the total sellout, according to an offering plan amendment filed with the New York State Attorney General’s office. 

Overall, the development will have 112 residential condos and 18 suites, which are all studios. There also is a manager’s unit. So far, in total, 107 residential condos, including many suite units, have been priced. The firms have not released pricing on any more units since August, when they provided prices for 13 more condos and adjusted the prices on two others.

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There were 253 transactions totaling $315 million recorded in New York City from 4 p.m. on Friday, Dec. 19, through 4 p.m. on Monday, Dec. 22.

🏆 Residential: The top home sale recorded in New York City was in Tribeca, where a trust tied to Carl Kawaja, chair of Capital Research and Management Company, which is part of Capital Group, and his wife Gwendolyn Holcombe snapped up a condo at 67 Vestry Street for $15.3 million. The 3,000-square-foot pad has four bedrooms and three and a half baths; it had been on the market since October, when it was listed for $15.8 million. Corcoran’s Catherine Juracich, Tom Ventura and Lesley Schulhof had the listing. Iliad Realty Group and 7G Realty redeveloped the 13-unit building.

🏆 Commercial: Queens had the priciest commercial real estate transaction recorded in the Big Apple. A retail unit at the Corte luxury condominium at 21-30 44th Drive in Long Island City sold for just under $7 million. The buyer was Flushing-based Lumison Holdings LLC, tied to Jing Wan. The unit measures about 9,600 square feet. The deal works out to about $730 per square foot. SK Development, CB Developers and Ironstate Development are the project’s developers.

📊 Residential: An LLC tied to hedge funder Jason Capello shed a condo at 40 East 66th Street in Lenox Hill for $14 million. The buyer was an LLC managed by Ronnie Wexler, an executive at Barclays. The pad spans about 4,900 square feet and has six bedrooms and six and a half baths. The deal works out to roughly $2,900 per square foot. The unit hit the market in September 2024 for $18.5 million. Corcoran’s Carrie Chiang and Andres Perea-Garzon had the listing.

📊 Residential: In Lenox Hill, a sponsor unit at EJS Development’s 200 East 75th Street sold for just over $12 million. The buyers were Eileen Price Farban, a social justice philanthropist, and Steven Farbman, chairman at Touchpoint Media, via a trust. The pad spans about 3,700 square feet, pricing the transaction at more than $3,200 per square foot.
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There were 256 deals totaling $497 million recorded in New York City in the 24 hours before 4 p.m. on Wednesday, Nov. 26, 2025.

🏆 Residential: The top residential transaction recorded in New York was at The Pierre at 795 5th Avenue in Lenox Hill, where billionaire Larry Ellison purchased two co-ops for $24 million. The seller was a trust tied to late billionaire media titan Sumner Redstone and two other trusts tied to his daughter, Shari Redstone, also a media executive.

🏆 Commercial: The top commercial deal recorded in the city was in the Flatiron District. Olmstead Properties paid $104 million for two office buildings at 381 and 373 Park Avenue South. The seller was ATCO Properties. Empire Capital went into contract earlier this year to purchase the properties, but instead it has retained a small stake in them. The property at 381 Park Avenue South stands 17 stories tall and spans 244,000 square feet, and the 12-story 373 Park Avenue South spans about 112,000 square feet.

📊 Residential: At One High Line in Chelsea, Witkoff Group and Access Industries sold another sponsor unit at its new development at 500 West 18th Street in Chelsea. Jiny Prime Properties LLC dropped $11.8 million on a more than 3,000-square-foot unit with four bedrooms and four and a half baths. The transaction pencils out to about $3,900 per square foot. Corcoran’s Deborah Kern and Steve Gold had the listing. The unit’s original asking price, back in 2022, was just under $13 million.

📊 Residential: Compass broker Clayton Orrigo parted with a corner co-op at the Hudson Mews Cooperative at 256 West 10th Street in the West Village for $4.3 million. The buyers were Thomas and Susan Whitesell. Thomas Whitesell is the head of the debt investment group at Kennedy Wilson. The pad has two bedrooms and two bathrooms. Orrigo purchased the unit in 2017 for $2.1 million and renovated it, according to StreetEasy.

📊 Residential: In Lenox Hill, a co-op at 956 Fifth Avenue changed hands for $9 million. The full-floor home, which had not been on the market for five decades, has five bedrooms and four bathrooms.  It went on the market in June for just under $9 million. Brown Harris Stevens’ Frederick Peters and Robert Doernberg had the listing. The seller was a trust tied to Carol O. Collins and the buyer was another trust.

📊 Commercial: An East Village multifamily property at 113 East 11th Street traded for $14.3 million. The seller of the 20-unit, four-story building was an LLC tied to Haskell Real Estate. The buyer was an LLC linked to Bahram Hakakian’s Allied Realty & Development. The property has been in the Haskell family for decades. There do not appear to be any vacant units at the complex, but earlier this year a two-bedroom pad was listed for $5,600 a month.

By the Numbers: U.S. industrial rents climb 6% as vacancy inches up

Across the U.S., rents for industrial assets rose nearly 6 percent year over year to reach $8.73 per square foot in October.

None of the top markets saw rent fall over the past year. But the sector’s rental growth comes as the vacancy rate also increased, by 240 basis points, over the past 12 months to 9.6 percent amid increased inventory, according to Yardi Matrix’s November industrial report.

The market that recorded the strongest year-over-year rent growth was Miami, where the average rent in October was $12.91 per square foot, a roughly 9 percent spike. The vacancy rate in that market was just over 11 percent.

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There were 240 deals totaling $471 million recorded in New York City in the 24 hours before 4 p.m. on Tuesday, Nov. 25, 2025.

🏆 Residential: The top residential transaction recorded in New York was in Chelsea, where a triplex penthouse at 520 West 28th Street changed hands for $26.5 million. The seller was billionaire co-founder of Fortress Investment Group Wesley Edens, and the buyer was Chelsea 520 West LLC. Edens purchased the pad in 2020 for $20.2 million. The unit has more than 6,600 square feet of living space and another 2,500 square feet of outdoor space, including a rooftop deck with a hot tub and cold plunge. Clayton Orrigo, Stephen Ferrara and Arran Patel with Compass had the listing. The unit went on the market in June with an asking price of $35 million.

🏆 Commercial: The top commercial deal recorded in the city was near Grand Central Station. The Durst Organization’s sale of 205 East 42nd Street, an office building that New York-based 601W Companies and David Werner Real Estate Investments has closed and hit records. The price was $165 million. The building stands 21 stories tall and its major tenants include the City University of New York and Fedcap Rehabilitation Services.

📊 Residential: Jordan and Riva Kestenbaum parted with a condo at The Beckford Tower at 301 East 80th Street on the Upper East Side for $12 million. The buyers were Benjamin Xiao and Tracy Kwan. The unit has five bedrooms and measures about 3,800 square feet. It went on the market in March, with a listing price of $13.5 million. The Kestenbaums purchased the home in 2021 for $10.2 million. Compass’ Jared Schwadron had the most recent listing.

📊 Residential: Gary Barnett’s Extell Development Company sold another sponsor unit at 50 West 66th Street on the Upper West Side. Heather Levine, a beauty and fashion content creator, and Nathan Ajiashvili, an attorney, paid $9.5 million for a four-bedroom, four-and-a-half-bath condo spanning more than 3,200 square feet. The transaction pencils out to under $3,000 per square foot.

📊 Commercial: In Midtown, two retail condos sold for $7.7 million. An LLC tied to JLL sold the units at 485 Seventh Avenue to an LLC managed by Albert Rabizadeh. The building is home to the Moxy NYC Times Square hotel.

By the Numbers: CRE prices across the U.S. rise again in October

U.S. commercial property prices in October notched their largest growth spurt in three years.  

Compared to the same time last year, the RCA CPPI National All-Property Index climbed 4.2 percent, marking the highest annual rate since 2022. Month over month, the index edged up by 0.8 percent.

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There were 269 transactions totaling $379 million recorded in New York City over the prior 24 hours before 4 p.m. on Friday, Nov. 21, 2025.

🏆 Residential: The top residential transaction recorded in New York was for a three-bedroom condo at 111 West 57th Street along Billionaires’ Row. Qi Zhou and Peiyun Liao paid $21 million for a 4,200-square-foot pad. A Sotheby’s International Realty team led by Nikki Field is handling sales at the property, which was developed by JDS Development Group and Property Markets Group. The original listing price for the unit, when it hit the market in 2019, was $27.8 million, but its most recent asking price was $22 million.

🏆 Commercial: Soho was home to the top commercial real estate deal recorded in the Big Apple. Hanshin Juken Co., a Japanese firm, purchased a mixed-use property at 212 Lafayette Street for just over $18 million. The seller was an LLC tied to Witnick Real Estate Partners, which acquired the five-story building in 2019 for $13.4 million. The building has 16 units and ground-floor retail.

📊 Residential: Another unit at Property Markets Group and JDS Development Group’s 111 West 57th Street sold for $18.5 million. The buyer was MAGS 37 LLC. The asking price for the nearly 4,500-square-foot, three-bedroom pad was $19 million. Field is leading sales at the property.

📊 Residential: In Park Slope, Angela Lu and Kenny Teng purchased a townhouse for $6.8 million. The seller of 535 Second Street was Anthony Heading, who paid $2 million for the residence in 2010. The six-bedroom home stands four stories tall and has three full bathrooms and two half baths. It also has a backyard, finished basement and rooftop deck. Corcoran’s Louise Simon, Jackie Torren and Charlie Pigott represented Heading, who put the home on the market in September, seeking $6.5 million.

📊 Commercial: In Nomad, Marudai Sangyo Co., which is also based in Japan, scooped up a four-story mixed-use property at 109 East 29th Street for $7.6 million. The sellers were two LLCs tied to Kings Capital. The building, which traded last year for $3.2 million, has seven apartments and ground-floor retail. Avison Young had the listing.

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There were 209 transactions totaling $365 million recorded in New York City in the 24 hours before 4 p.m. on Friday, Nov. 14, 2025.

🏆 Residential: The top residential transaction recorded in New York City was in Nomad. A trust dropped $9.6 million on a penthouse at 30 East 29th Street. The seller, KFO Property NYC GMBH, had owned the condo since 2023, when the entity purchased the pad for $12.7 million. The unit, a duplex, spans 2,600 square feet and has three bedrooms and three bathrooms. It also has two fireplaces and more than 600 square feet of outdoor space. The seller put the residence on the market in February 2024, seeking $13.2 million.

🏆 Commercial: Flushing had the priciest recorded commercial transaction in the Big Apple, with the sale of what appears to be part of a mixed-use complex at 131-02 40th Road for $32 million. The seller was Jade Century Properties and the buyer was Tetra Enclosure.

📊 Commercial: In Bay Ridge, a former Century 21 store and parking garage spanning nearly 187,000 square feet at 423 88th Street sold for $28 million. The seller was the real estate arm of the Gindi family, which founded the discount retailer. The buyer was the Abed family. A JLL Capital Markets team of Ethan Stanton, Jeffrey Julien, Brendan Maddigan and Michael Mazzara represented the seller, and Specialized Realty Group’s Michael Feratovic represented the buyer.

📊 Residential: On the Upper East Side, Isis and Christopher Louw — he is a financier — dropped $9.4 million on a full-floor sponsor unit at 201 East 74th Street, which was developed by Elad Group. The 3,800-square-foot unit has five bedrooms and four and a half bathrooms. Its most recent asking price was just under $10 million. Douglas Elliman’s Barbara Russo, Danielle Englebardt, Elena Sarkissian and Christopher Salierno had the listing.

📊 Residential: Developer Stephen Ross sold his condo at Superior Ink at 400 West 12th Street for $6.6 million. Ross is the founder of Related Companies, which developed the West Village building in the early 2000s. He was seeking just under $7 million for the 1,900-square-foot pad. Compass’ Stephen Ferrara and Clayton Orrigo had the listing for the two-bedroom unit.

By the Numbers: FARE Act’s first year — which borough saw the greatest rent spike?

In the year since the New York City Council adopted legislation that altered how brokers got paid, one borough stood out with the starkest change in rent.

Adopted on Nov. 13, 2024, the Fairness in Apartment Rental Expenses (FARE) Act mandates that whoever hires a rental broker is responsible for paying the broker. Opponents of the legislation predicted it would trigger rents to increase as landlords worked to fold these fees into rents.

Citywide, the median rent grew by 8.2 percent in October compared to the same time last year, and the median rent in each borough also increased, according to an analysis by The Real Deal of rental data from listings platform StreetEasy.

But Staten Island’s median rent grew the most, surging by 16.4 percent year over year in October to $3,200 a month, per TRD’s analysis.

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There were 144 transactions totaling $595 million recorded in New York City in the 24 hours before 4 p.m. on Friday, Nov. 7.

🏆 Residential: The priciest recorded home sale in New York City on Friday, Nov. 7, was for a Greenwich Village penthouse at 40 Fifth Avenue, which sold for $19 million. The seller was billionaire Randy Lerner and the buyer was a trust tied to entertainment business manager Charles Sussman. Lerner acquired the pad in 2023 for $17 million. The latest deal appears to have been off-market.

🏆 Commercial: The top recorded commercial real estate sale was in Turtle Bay. Qatar’s mission to the United Nations offloaded a five-story commercial building at 765 First Avenue for $33.3 million. The buyer was the Democratic Republic of Congo’s mission to the U.N. The property last traded in 2006, when the 765 First Avenue Property Corporation purchased the building for $13 million. It was then transferred into Qatar’s name in 2021.

📊 Commercial: An affiliate of Willowick Properties sold two apartment buildings at 205 and 207 Eighth Avenue in Chelsea for $16.6 million. The properties stand five stories tall and have 22 units combined, along with ground-floor retail. The buyer was an entity tied to David Hazout. The seller had owned the properties since 2013, when they sold for $15.9 million.

📊 Residential: Paul and Gertie Cerjas offloaded a co-op at 50 East 77th on the Upper East Side. Paul Cejas is a businessman and former U.S. ambassador to Belgium. The buyer was a trust. The three-bedroom unit has three and a half baths, a private elevator landing and a designated staff room with its own entrance. The price was $9 million, which was $1 million above ask. Corcoran’s Julia Kay Goodman, Leighton Candler, Jennifer Reardon and Rachel Brandeis had the listing.

📊 Residential: In the West Village, a condo and storage unit at 165 Charles Street changed hands for $8.4 million. The seller was an LLC tied to Franck Ruimy, the founder and CEO of Silver Creek Development, who purchased the unit in 2007 for just under $6 million. The buyer was an LLC tied to Tyler Wolfram, managing partner at Oak Hill Capital. The two-bedroom unit spans 2,400 square feet. Its most recent asking price was $8.8 million. Brown Harris Stevens’ Brett Miles, Robin Lyon-Gardiner, Paige Neuhauser and Parker Johnson.

📊 Residential: A sponsor unit at 35 Hudson Yards sold for $5.3 million. The buyer was C&X Hudson Yards LLC. The three-bedroom unit spans about 2,900 square feet, pricing the deal at roughly $1,800 per square foot. Its initial asking price was just under $7 million when it hit the market in 2021. Corcoran’s Hottinger Team and Arsic Lau Team had the listing.

By the Numbers: Which NYC resi lender had the largest median mortgage in 2025?

In New York City over the past year, the top residential lender, by median mortgage size, had one of the lowest total deal volumes of the city’s top lenders.

Finance of America Reverse had the largest median deal size of the city’s most active home mortgage providers, of about $1.4 million. But the company, which is headquartered in Tulsa, Oklahoma, only had 87 deals last year, bringing its total deal volume to roughly $162 million, 20th in the Big Apple.

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There were 144 transactions totaling $227.9 million recorded in New York City in the 24 hours before 4 p.m. on Thursday, Oct. 31.

🏆 Residential: Lenox Hill notched the most expensive residential sale on Friday for $8.9 million for a 3,132-square-foot condominium at 40 East 72nd Street. Tricia A. Ting and Carrie C. Chiang with The Corcoran Group had the listing.

🏆 Commercial: The most expensive commercial property recorded on Friday was $31 million for 245 Duffield Street in Downtown Brooklyn. Crain’s reported that Steven Shi of Golden Stone Management acquired the 100,000-square-foot lot with plans to develop condos on the site.

📊 Commercial: An industrial site at 43-05 20th Avenue in Astoria sold for $12 million. Vaughn College of Aeronautics and Technology sold the 33,200-square-foot space to 

43-05 Realty Group LLC.

📊 Residential: Kenneth Raskin and Margot Wagner purchased unit 7Q at 25 Central Park West in Lincoln Square for $4.8 million. The pre-war condo overlooking Central Park has 2 bedrooms and 2,221 square feet. Chris Kann and Jennifer Ireland of The Corcoran Group had the listing. 

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There were 215 transactions totaling $343 million recorded in New York City over the prior 24 hours before 4:00 p.m. on Friday, Oct. 24.

🏆 Residential: A townhouse at 10 East 67th Street known as the Jules Bache Mansion in Lenox Hill sold for $36 million, marking the top residential sale recorded in the city. The seller was an LLC tied to hedge fund manager Joseph DiMenna. Dating to 1881, the Gilded Age mansion stands seven stories tall and spans 13,000 square feet. The buyer was an LLC. The mansion has seven bedrooms, 13 bathrooms, an elevator, seven wood-burning fireplaces and a 1,700-square-foot rooftop deck. The residence hit the market in 2024 for $50 million, then was relisted for just under $45 million in March. Serhant’s Melissa Post and Ryan Serhant had the listing.

🏆 Commercial: South Williamsburg recorded the priciest commercial real estate transaction recorded in the city. An LLC tied to Michael Weitzman’s Double U Development, based in Brooklyn, offloaded what appears to be a development site at 96 South Ninth Street, which at the moment is home to a church, for $6.1 million. The buyer was Golden Cedar Realty LLC. The site previously traded in 2022 for $14.1 million.

📊 Residential: Dinakar Singh, the CEO of Axon Capital, purchased a sponsor unit at 50 United Nations Plaza, which was developed by Zeckendorf Development and Global Holdings Inc. Residences, for $14.3 million. The five-bedroom unit has six and a half bathrooms and spans about 5,900 square feet. The unit first hit the market in 2019 with an asking price of $18.7 million. Zeckendorf Marketing is handling sales at the property.

📊 Residential: The sale of real estate mogul Barbara Corcoran’s penthouse at 1158 Fifth Avenue in Carnegie Hill hit records. Corcoran sold the co-op to a trust for $13.5 million. The 11-room duplex also has a space for staff and a terrace. Corcoran’s Scott Stewart, Carrie Chiang and Andres Perea-Garzon had the listing, which went live in May for $12 million.

📊 Residential: The estate of Emily Fisher Landau, an art patron who was the wife of developer Martin Fisher and who died in 2023, sold her co-op at 720 Park Avenue in Lenox Hill for $13.3 million. The buyer was Hayden Slater, co-founder of Pressed Juicery. The unit went on the market in 2023 for $18 million; its most recent asking price was $15 million. The 11-room pad has a 700-square-foot terrace, a private elevator landing and a staff wing. Brown Harris Stevens’ John Burger and Caroline Berthet had the listing.

📊 Residential: In the West Village, a condo at 299 West 12th Street changed hands for $6.5 million, its asking price. The buyers were David Held and Lisa Fisher. The seller was actor Danny Strong, who paid $1.4 million for the unit in 2011. The two-bedroom residence has three bathrooms and spans about 1,700 square feet. Strong listed it for sale in May.

By the Numbers: Homebuilder confidence is growing, but will it last?

What does today’s housing market have in common with May 2020 and August 2012?

The answer is a lackluster Housing Market Index of 37.

The HMI’s October reading of 37 was five points higher than September’s — a welcome boost from the previous four months of persistent readings in the low 30s. Still, the index is down six points annually, according to the data released earlier this month.

The long-running monthly index, published by the National Association of Home Builders (NAHB) and Wells Fargo, indicates how much confidence builders have in the single-family housing market as measured on a scale of zero to 100. Anything below 50 means most builders have a glass-half-empty outlook.

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There were 163 transactions totaling $397 million recorded in New York City over the prior 24 hours before 4:00 p.m. on Tuesday, Oct. 21.

🏆 Residential: The top home sale recorded in New York City on Tuesday, Oct. 21, was for a combined condo in West Chelsea. Julia Rose Guevara shed the four-bedroom spread, which was once two separate units, at The Caledonia at 450 West 17th Street for $5.8 million. The buyer was Donna Milia, a former BlackRock executive. Guevara paid $4.7 million in 2020 for one unit and $1.6 million in 2020 for the other. The residence also has two and a half bathrooms and 1,700 square feet of terrace space. Its most recent asking price was $6.3 million. Corcoran’s Joseph Pullen and Taylor Durland had the listing.

🏆 Commercial: CIM Group’s sale of the Dominick Hotel at 246 Spring Street in Soho closed, and it was the top commercial real estate deal recorded in the city. CIM, which acquired the property via foreclosure in 2014, offloaded the hotel for about $170 million. The buyer was Cain International. CIM refinanced the hotel, once known as the Trump Soho Hotel Condominium, in 2023 with an $83 million loan from Ramsfield Hospitality Finance and funds managed by Alliance Bernstein’s CarVal alternative investment manager.

📊 Commercial: In the Bronx, a retail store at 1800 Williamsbridge Road, home to a Citibank, traded for $9.9 million. The sellers were four LLCs tied to Louis Lefkowitz Realty of Jericho, New York. The buyer was an LLC managed by Miguel Garcia. The one-story property spans nearly 13,500 square feet. The sellers purchased the property in 2013 for $11.4 million.

📊 Residential: A trust linked to Anna Ortiz-Mortfit, an investor and philanthropist, dropped $5 million on a three-bedroom, two-and-a-half bath pad at the landmarked 60 Gramercy Park North. The unit first went on the market in May 2023 for $4.5 million, was removed in September 2024 and was re-listed in March for $5.3 million. Corcoran’s Meredith Verona and Caroline Greiner had the listing. An LLC tied to the Olnick Organization sold the co-op.

📊 Residential: A trust tied to Hongyi Wang and Yihong Guo purchased a three-bedroom sponsor unit at 201 East 74th Street in Lenox Hill for $4.8 million. Elad Group is the developer behind the property, which saw sales start in late 2023. The unit spans about 2,200 square feet, pricing the deal at $2,200 per square foot. Douglas Elliman’s Barbara Russo, Danielle Englebardt, Elena Sarkissian and Christophe Salierno had the listing.

By the Numbers: Homes selling below asking price hit six-year high as buyer power grows

The share of homes trading above ask has fallen to its lowest level in six years.

In September, 25.3 percent of homes sold above their final asking price — down more than 3 percentage points year over year. That’s also the smallest percentage in six years, according to an analysis from real estate brokerage Redfin.

The discount that homes are selling for also has grown. The typical home went off the market for 1.4 percent lower than its final list price versus 0.9 percent last year, per Redfin. 

Metros in Florida and Texas took the biggest hit in September. The discount for typical homes in West Palm Beach (-5.2 percent), Miami (-4.8 percent), Fort Lauderdale (-4.6 percent) and Houston (-3.7 percent) were the largest in the country.

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Here are the notable transactions that happened in New York City on Friday, Oct. 17.

🏆 Residential: The top home sale recorded in New York City on Friday, Oct. 17, was for a condo in Greenwich Village. Kristian Humer sold a unit at 155 West 11th Street for just under $16 million. The buyer was a trust. Humer, CFO at Boston-based biotechnology research firm Foghorn Therapeutics, paid $8.9 million for the pad in 2016; it went on the market in May with an asking price of $17.5 million. The 3,300-square-foot condo has four bedrooms, three and a half baths and a balcony. Douglas Elliman’s Noble Black, Justin Figari and Connor Cuccinelli had the listing.

🏆 Commercial: The sale of a hotel off Madison Square Park was the top commercial deal recorded in the city. Arcadia, California-based developer Kam Sang Co., paid $231 million for the 252,000-square-foot hotel at 5 Madison Avenue known as the Edition Clocktower Hotel. The seller was the Abu Dhabi Investment Authority, which had purchased the 273-key building in 2015 for $337 million. Hudson Bay Capital Management provided a $155 million mortgage for the purchase.

📊 Commercial: MD2 Property Group offloaded two apartment buildings at 4 West 108th Street and 8 West 108th Street in Manhattan Valley for $17.5 million. The buyer was Los Angeles-based Bando Geny 3 LLC. The adjacent properties stand six stories tall and have 48 apartments combined. KEB Hana Bank provided a $10.7 million loan. The seller had owned the properties since 2019, when they purchased them for $11 million.

📊 Commercial: In the Financial District, a 12-story office property traded for $40.2 million. LLCs tied to Robert Wolf and AM Property Holdings Corp., led by Paul Wasserman, had owned the building for decades. The new owner is CSC 75 Maiden Prop Co LLC, registered to a Columbus Avenue address.

📊 Residential: Etsy CEO Joshua Silverman and Shirin Ghotbi sold a condo overlooking the Museum of Natural History at 101 West 78th Street in the Upper West Side. Vitaly Kuznetsov, an algorithm developer at Hudson River Trading, and Masayo Oto dropped $8.4 million on the unit, which Silverman and Ghotbi had bought in 2018 for $10.5 million. The four-bedroom, 4,000-square-foot pad had a most recent asking price of $8.7 million. Pamela D’Arc of Compass represented the sellers.

📊 Residential: Rit Venerus, founder of Cal Financial Group, scooped up a sponsor unit at 35 Hudson Yards for just under $7 million. The unit spans about 2,700 square feet and has three bedrooms and three and a half baths. The condo, which had an initial asking price of nearly $12 million, is one of seven in the building with a private terrace. Corcoran’s Hottinger Team is leading sales at the property, developed by Related Companies and Oxford Properties.

By the Numbers: Northeast, Northwest, post longest homeownership tenures

Homeowners are staying in their properties the longest in metropolitan areas across the Northeast and Pacific Northwest.

Those areas are also seeing the highest returns when properties eventually sell, signaling that these are high-demand markets where sellers aren’t leaving but buyers want to enter — and are paying a premium to do so.

One metro area, in particular, demonstrated both long tenure and outsized seller profit: Northern California’s San Jose-Sunnyvale-Santa Clara region. Homeowners there are staying in their houses for an average of 12.48 years, the 10th-longest tenure in the country. Meanwhile, sellers who did transact in the third quarter realized a staggering median gain of over 94 percent, the highest in the nation. (Although this is 11 percent lower than the previous year.)