There were 160 transactions totaling $311 million recorded in New York City in the last 24 hours before 4:00 PM on Tuesday, October 7.
🏆 Residential: A Midwood townhouse marked the highest home sale in the city. Ayal horovitswho runs Helm Equities, and Michele Bailey-Horovits said goodbye to a detached single-family home 809-815 J Avenue for $15.5 million. The property appears to be one home spanning 4,500 square feet spread over two tax lots. The buyer was an LLC associated with it Joseph E. Khezriefrom the family that founded the Jimmy Jazz stores. He is also director of investments at Jersey City, New Jersey-based CityView Commercial.
🏆 Commercial: The biggest commercial deal in the Big Apple took place on the Upper West Side, where two commercial apartments sold for a total of $14.4 million. The largest was for a ground floor unit of 1,700 square feet 210 West 77th Street which sold for $9.6 million – 145 percent more than its last trading price less than a decade ago. The sellers, LLCs that are tied to David R. Mashaalbought the device in 2017 for $3.9 million. The other unit is gone West77estraat 221that the sellers purchased for $2.7 million in 2020. The new owners of the apartments are LLCs associated with Mark Hakim. The transaction works out to approximately $5,600 per square foot.
📊 Residence: Isaac and Claudia Saide bought a single-family home in Gravesend 2173 East Fourth Street for $7 million. The seller was Jonathan Barnathan. The 10,000-square-foot home has been associated with the Barnathans for decades.
📊 Residence: Michael and Denise Fazio sold a four-bedroom apartment in the Fischer Mills Building Strandstraat 62 in Tribeca for $6.6 million. The buyer was Jaan Holdings LLC. The Fazios have owned the unit since 2016, when they purchased it for $4.9 million. It went on the market in July for $6.2 million. The unit has exposed brick walls, wood-beamed ceilings and a chef’s kitchen. Living Real Estate Philip Hordijk, Charlar Acar, Jeremy Hu, Mete Basakinci And Demetri ganiari had the mention.
📊 Commercial: JAM Real Estate Partners paid $5.3 million for a 17-unit apartment complex 333 East 81st Street in Yorkville. The seller was Alvaro Jinetewho had owned the property for decades. The building is five stories high and measures just over 9,000 square meters. There don’t seem to be any homes on the market, but the asking rent for a studio a year ago was $2,500.
📊 Residence: Robert Meyers And Lauren Wagner dropped $4.5 million on a co-op – the unit’s asking price – on 21 East 87th Street that was sold by Mark London And Gayle Turk. The Carnegie Hill pad has three bedrooms and three bathrooms in 2,400 square feet. London and Turk bought the property in 2013 for $3.9 million; they put it up for sale in April. Compass’ Knight Patterson Meem And Simrall problems had the mention.
According to the numbers: All-cash home sales fell from historic highs in 2025
The share of homes purchased with cash will continue to decline through 2025, thanks to an institutional pullback and a buyer’s market that has developed across much of the country.
Cash purchases fell 0.6 percent in the first half of the year compared to the same period the year before, according to a new report from Realtor.com. However, such sales are still above pre-pandemic norms, with the bulk of cash purchases occurring at both the high and low ends of the price spectrum, the listing platform said.
In New York, 40.9 percent of homes were purchased in cash in the first half of the year, a decline of 12 percent year over year.
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