🏆Residential: A Carnegie Hill mansion marked the highest record-setting home sale in New York City. Inside the Georgian Revival house 13 East 94th Street covers more than 6,800 square feet and is selling for $15.5 million, or about $2,300 per square foot. The seller had an LLC associated with it George Logothetiswho is the executive chairman of the Libra Group, whose activities span from aerospace to hotels. The buyer was Carnegie Hill LLC. The residence, which hit the market about a year ago with an asking price of $19.5 million, has six bedrooms, a gym, a custom chef’s eat-in kitchen, wine storage and a garden. Serena Boardman at Sotheby’s International Realty had the listing.
🏆Commercial: The largest commercial real estate transfer in New York took place in Soho. Empire State Real Estate Trustthe real estate investment trust led by Anthony Malkinclosed on its all-cash purchase of the Scholastic building at 555-557 Broadway for $386 million. The building has 368,000 square meters of office space and 28,000 square meters of retail real estate. At the beginning of December it was 70 percent rented. Scholasticthe seller, is the anchor tenant and occupies 222,000 square feet of space. of Newmark Adam Spies, Josh King And Avery Silverstein represented ESRT in the deal.
📊Commercial: In Chelsea, an entity is connected G4 Capital Partners And SME capital companies took over an office building 541 West 21st Street through a bankruptcy auction for $46.2 million. Erbo properties had owned the building for decades and used it primarily for storage. The company later began converting it into an office building, with G4 providing three separate mortgages and SME acting as a mezzanine lender. SPICES subsequently filed for bankruptcy protection in 2023.
📊Residential: A mansion of almost 4,100 square meters JD Carlisle Development Morton Square complex in West Village sold for $11.2 million. The house has three bedrooms, four and a half bathrooms and outdoor space. The deal works out to about $2,700 per square foot. The buyer was Bart’s Ear LLC.
📊Living: Richard Zoghebhead of global debt capital markets at Citi, and Stephanie Murphy said goodbye to a cooperative on the entire floor Jaystraat 10 in Tribeca for $7.4 million. The buyers were Marion Scott And Sloan Hart. The five-bedroom condo with a chef’s kitchen and marble fireplace had previously sold for $7.5 million in 2020; the sellers put it up for sale in March for $8.2 million. Douglas Elliman Andrea Anzaldo had the mention.
According to the numbers: Sales of existing homes in the US are rising while financing costs are falling
Thanks to falling borrowing costs and slowing home price growth, US existing home sales rose 5.1 percent in December compared to the previous month.
There were 4.35 million sales of existing homes last month – the strongest month in almost three years, according to the National Association of Real Estate Agentswhose data has been seasonally adjusted.
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