🏆 Residential: The top record-setting home sale was for a condo at Extell Development’s West66estraat 50 on the Upper West Side. A bond of trust associated with Uttara P. Martidirector at Evercore, purchased a 3,900-square-foot pad from 50W66 NY LLC for $13.4 million. The seller bought the device a year ago for $11.8 million. The condo has five bedrooms and five and a half baths. The latest deal works out to about $3,400 per square foot.
🏆 Commercial: Soho has the biggest commercial deal in the city. Two adjacent, five-storey, mixed-use houses Greenestraat 65 and 67 traded for $31.8 million. The seller was an LLC affiliated with Robert Zeiselwhose family had owned the properties for decades. The buyer was a company named after the addresses of the buildings. Both buildings have clothing stores on the ground floor and a total of seven residential units.
📊 Residence: Everett Weinbergera financial advisor, purchased a newly built penthouse Westendlaan 720 on the Upper West Side for $8 million. The sponsor unit, a duplex, spans 2,700 square feet and the transaction costs just under $3,000 per square foot. It has four bedrooms, four and a half baths and a terrace. The asking price was $8.3 million. Corcoran Sunshine Marketing Group is handling the sale of the property, which was developed by Glacier shares And InterVest Capital Partners.
📊 Residential: On Hudsonplein, Ekalape Corp. raised a sponsorship unit 565 Broome Street by Bizzi & Partners Development for $6.3 million. The unit measures 2,200 square feet and has two bedrooms and two and a half baths. The most recent asking price was $6.8 million. Douglas Elliman Marc Palermo, Andrew Anderson And M. Monica Novo had the mention.
📊 Residence: Scott Ferber buy an apartment in The Plaza 1 Central Park South for just under $5 million. Ferber has owned the trail since 2008, when he bought it for about $5.1 million. The buyer was an LLC managed by Nancy Zarcadoolas. The unit has two bedrooms and two bathrooms and the last asking price was $5.9 million. Compass’ Connor Ramage had the mention.
According to the numbers: Affordable housing is rising nationally, led by Seattle
Affordable housing has skyrocketed across the country over the past five years, with one metro taking the crown for building the most units: Seattle.
Developers completed approximately 310,000 new affordable apartments between 2020 and 2024, a 73 percent increase compared to the previous five-year period from 2015 to 2019, according to a report by RentalCafe.
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