🏆 Residential: Enter Trump Park 106 Central Park South had the largest housing transaction in the city. Citi Mortgagethrough a deed in lieu of a bankruptcy filing, took over five condominium units on the property’s 21st floor in a deal valued at $18.9 million, according to the record. There was a trust attached to the seller Daniel Grolloan Australian real estate developer, which had increased the mortgage on the units to $18.9 million in 2016. The trust bought two units in 2013 for $14.3 million, then bought the remaining three in subsequent years.
📊 Residential: In Brooklyn Heights, a trust sold a townhouse Cranberrystraat 19 for $11 million. The buyer was an LLC managed by Michael Saltzman. The trust had owned the home since 2022 and purchased it for $12.3 million. The five-bedroom house spans approximately 5,600 square feet and dates back to 1829. Adam Modlin with the Modlin Group and Corcoran’s Karen Talbott, Kyle Talbott And Scott Sternberg had the mention. The transaction works out to just under $2,000 per square foot.
📊 Residence: Jeremy Hoon paid $7.3 million for a mansion in Pacific Street 537 on Boerum Hill. The 5,700-square-foot home, with 1,300 square feet of outdoor space, is part of a two-townhouse and apartment complex developed by Sterling Town Shares. The five-bedroom home first hit the market in 2023 with an asking price of just under $11 million. Compass’ Tamara Abir And Noah Plener had the mention.
📊 Housing: EJS Development sold up a sponsorship unit 200 East 75th Street in Lenox Hill for $6.1 million – the asking price 200E75 LLC. The 2,500-square-foot pad has four bedrooms and four and a half baths. Compass’ Alexa Lambert, Susan Wires And Marc Achilles had the listing, which went live in May 2024.
According to the numbers: How will New York’s ultra-luxury resi market fare in 2025?
New York City has sold more ultra-luxury homes so far this year, but they were much cheaper than last year.
Since the start of 2025, the Big Apple has seen 240 residential deals worth $10 million and higher close, up nearly 15 percent from last year, according to an analysis of recorded deeds from The real deal.
However, the average sales price of these transactions was $14.4 million, a decrease of 10 percent compared to the previous year. That was also the second-largest drop for this price segment in the past decade; the steepest was in 2021, when the inflation-adjusted average sales price fell 13 percent year over year.
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