There were 215 transactions recorded in New York City in the last 24 hours before 4pm on Friday, October 24, totaling $343 million.
🏆 Residential: Up a mansion 10 East 67th Street known as the Jules Bache Mansion in Lenox Hill, sold for $36 million, marking the highest residential sale in the city. The seller was an LLC associated with the hedge fund manager Joseph DiMenna. The Gilded Age mansion dates from 1881 and is seven stories tall and covers 13,000 square feet. The buyer was an LLC. The mansion has seven bedrooms, thirteen bathrooms, an elevator, seven fireplaces and a 1,700-square-foot roof terrace. The home hit the market in 2024 for $50 million, and was relisted in March for just under $45 million. Serhants Melissa Post And Ryan Serhant had the mention.
🏆 Commercial: South Williamsburg recorded the most expensive commercial real estate transaction in the city. An LLC tied to Double U development by Michael Weitzmanbased in Brooklyn, has unloaded what appears to be a development site 96 South Ninth Streetwhere a church currently stands, for $6.1 million. The buyer was Golden Cedar Realty LLC. The site previously traded for $14.1 million in 2022.
📊 Residential: Dinakar Singhthe CEO of Axon Capital, bought an additional sponsorship unit 50 Plaza of the United Nationsdeveloped by Zeckendorf development And Global Holdings Inc. Homesfor $14.3 million. The five-bedroom unit has six and a half bathrooms and spans approximately 5,900 square feet. The device first hit the market in 2019 with an asking price of $18.7 million. Zeckendorf Marketing handles the sale of the property.
📊 Residential: The sale of real estate magnate Barbara Corcoran’s penthouse 1158 Fifth Avenue in Carnegie Hill hit records. Corcoran sold the cooperative to a trust for $13.5 million. The 11-room duplex also has a staff room and a terrace. Corcorans Scott Stewart Carrie Chiang And Andrés Perea-Garzon had the listing, which went live in May for $12 million.
📊 Residential: The estate of Emily Fisher Landauan arts patron who was the wife of developer Martin Fisher and who died in 2023, sold her cooperative on Parklaan 720 in Lenox Hill for $13.3 million. The buyer was Hayden Slaterco-founder of Pressed Juicery. The device hit the market in 2023 for $18 million; the 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’ Johannes Burger And Caroline Berthet had the mention.
📊 Residential: In the West Village, an apartment 299 West 12th Street changed hands for $6.5 million, the asking price. The buyers were David Held And Lisa Visser. The seller was an actor Danny Strongwho paid $1.4 million for the unit in 2011. The two-bedroom residence has three bathrooms and spans approximately 1,700 square feet. Strong put it up for sale in May.
According to the numbers: Confidence among homebuilders is growing, but will this last?
What does the current housing market have in common with May 2020 and August 2012?
The answer is a mediocre housing market index of 37.
October’s HMI reading of 37 was five points higher than September’s – a welcome boost from the previous four months of sustained readings in the low 30s. Still, the index is declining six points annually, according to data released earlier this month.
The long-term monthly index, published by the National Association of Home Builders (NAHB) and Wells Fargoindicates how confident builders are in the single-family home market, measured on a scale of zero to 100. Anything below 50 means most builders are looking at the glass half empty.
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