🏆 Residential: The highest home sales in New York City occurred along Billionaires’ Row. JDS Development Group And Real Estate Markets Group sold up a sponsorship unit in their luxury tower West57estraat 111 for $21.3 million. The buyer was SGNY Property LLC. The unit spans approximately 4,200 square feet and has three bedrooms and three and a half baths. The deal works out to about $5,100 per square foot. The apartment’s most recent asking price was $21.8 million. Sotheby’s International Realties Nikki Field leads sales in development.
🏆 Commercial: Greenpoint had the most expensive commercial real estate transaction in the Big Apple. An LLC tied to B&B development has unloaded a mixed-use property on 977 Manhattan Avenue for $6.7 million. The buyer was 977Manhattan LLC. The developer purchased the site in 2015 for $4.1 million. The eight-storey building was built in 2017 and has 13 apartments and shops on the ground floor.
📊 Residence: Lynne Handlerwho was once married to Jerry Speyer, co-founder of Tishman Speyer, sanded a 4,500-square-foot mansion 200 East 71st Street in Lenox Hill for $8.5 million. The buyer was 209 East 71 Holder LLC. Handler had owned the house since 1984 and the deal appears to have been off-market.
📊 Residential: In West Chelsea, a sponsorship unit can be found in The Cortland 555 West 22nd Street traded for $5.4 million. The buyer was an LLC managed by David Zussmanthe financial director of Related companieswith which the building was developed Mitsui. The three-bedroom pad has three and a half baths in just over 2,300 square feet. Sales work out to about $2,300 per square foot. Kern’s Shaun Osher had the mention.
📊 Residence: Andrea Stern dropped $4.3 million on an apartment in 45 East 22nd StreetMadison Square Park Tower, in the Flatiron district. The two-bedroom, 1,500-square-foot unit went on sale in October for just under $4.6 million; it last sold in 2017 for $5.5 million. Douglas Elliman Kyle Egan had the mention. The seller was 45 East 22 Apartment Associates, LLC.
According to the numbers: Which markets will be most affected by Sonder’s liquidation sale?
Sonder, the short-term hospitality operator that recently filed for bankruptcy, is selling its portfolio of leasehold interests in a range of properties across the country – and no market will be more affected than New Orleans, Louisiana.
In the Big Easy, 32 of Sonder’s 189 leases, or nearly 17 percent, are up for grabs, according to a list of leases from the global asset firm Gordon brotherswho manages sales.
New Orleans is followed by Nashville, where Sonder has 17 leases. Philadelphia and New York City came third and fourth, with 14 and 13 leases, respectively.
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