There were 163 transactions recorded in New York City in the previous 24 hours before 4:00 PM on Tuesday, October 21, totaling $397 million.
🏆 Residential: The highest home sale recorded in New York City on Tuesday, October 21 was for a combination apartment in West Chelsea. Julia Rose Guevara shed the four-bedroom spread, which was once two separate units, at The Caledonia 450 West 17th Street for $5.8 million. The buyer was Donna Miliaa 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 patio space. The most recent asking price was $6.3 million. Corcorans Joseph Pullen And Taylor Durland had the mention.
🏆 Commercial: CIM Group sale of the Dominick Hotel Lentestraat 246 closed in Soho, and it was the largest commercial real estate deal in the city. CIM, which acquired the property through foreclosure in 2014, sold the hotel for approximately $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 alternative investment manager CarVal.
📊 Commercial: In the Bronx, into a store 1800 Williamsbridge Roadhome to a Citibank, traded for $9.9 million. Four LLCs were tied to the sellers Louis Lefkowitz Real Estate of Jericho, New York. The buyer was an LLC managed by Michael Garcia. The single-storey building covers almost 13,500 square meters. The sellers purchased the property in 2013 for $11.4 million.
📊 Residential: A trust linked to Anna Ortiz Mortfitan investor and philanthropist, has splashed out five million dollars on a three-bedroom, two-and-a-half bathroom in the landmark 60 Gramercy Park North. The unit first hit the market in May 2023 for $4.5 million, was delisted in September 2024, and relisted in March for $5.3 million. Corcorans Meredith Verona And Caroline Greiner had the mention. An LLC tied to the Olnick Organization sold the cooperative.
📊 Residential: A bond of trust associated with Hongyi Wang And Yihong Guo purchased an additional three-bedroom sponsor unit 201 East 74th Street in Lenox Hill for $4.8 million. Elad group is the developer behind the property, sales of which started at the end of 2023. The unit spans approximately 2,200 square feet and costs $2,200 per square foot. Douglas Elliman Barbara Russo, Danielle Englebardt, Elena Sarkissian And Christophe Salierno had the mention.
According to the numbers: Homes selling below asking price hit a six-year high as buyer power grows
The share of houses trading above asking price has fallen to the lowest level in six years.
In September, 25.3 percent of homes were sold above the final asking price – a decrease of more than 3 percentage points on an annual basis. That is also the smallest percentage in six years, according to an analysis by real estate brokerages Redfin.
The discount at which houses are sold has also grown. The typical home went off the market 1.4 percent lower than its final list price, down from 0.9 percent last year, according to 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) was the largest in the country.
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