🏆 Residential: The Upper West Side had the most expensive housing transaction in New York City. Little Tiger Love LLC dropped $22.7 million on a newly built apartment Extell Development Company’s 50 West 66th Street. The 3,400-square-foot pad has four bedrooms and four and a half baths. The deal works out to about $6,700 per square foot.
🏆 Commercial: The highest recorded commercial real estate deal in the Big Apple was the Sapir organization closing of the sale of Madisonlaan 260 in Middenstad. The buyer was AmTrustRE by Jonathan Bennettwhich announced in October it would buy the 22-story, 570,000-square-foot office building for $217 million. AmTrustRE plans to invest $60 to $70 million in the property, which is 68 percent leased. Alex Sapirs The family has owned the building since 1997.
📊 Commercial: A three-storey office and retail building is being built in Vlissingen Hoofdstraat 41-60 with an area of more than 100,000 square meters, trading for $64.3 million, almost 20 percent less than the last trading price almost two years ago. The seller was Madison Real Estate Capitaland the buyer was United Construction and Development Groupled by Chris Xu. United Construction financed the deal with a $50 million loan Preferred bank. Madison Realty has owned the property since February 2024, when the company acquired it for $80 million.
📊 Commercial: A commercial apartment at The Goldin at Essex Crossing in Delanceystraat 175 on the Lower East Side traded for $56 million. The buyer was Morgan Stanley Real Estate Investing. The unit spans approximately 38,400 square feet across the basement, first, second and third floors. The transaction works out to approximately $1,500 per square foot. The Goldin is a mixed-use property within the Essex Crossing complex; the residential part is 100 percent affordable. The Essex Crossing megaproject was developed by Taconic Partners, L+M Development, BFC Partners, Prusik Group And Goldman Sachs Asset Management’s Urban Investment Group.
📊 Residential: A sponsor unit West57estraat 111 along Billionaires’ Row sold for $20.3 million, or about $4,800 per square foot. The buyer was LLC Immobile Growth. The unit measures approximately 4,200 square feet and has three bedrooms and three and a half baths. A team led by Sotheby’s International Realty’s Nikki Field is handling the sale of the property, which was developed by JDS development And Real Estate Markets Group. When the device first went on sale in 2021, the asking price was $26.8 million, but the last asking price was $21 million.
📊 Residential: A single-family home for $19.3 million 235 West 11th Street in the West Village changed hands. The seller was an LLC affiliated with Simone Kamaliwho manages a leather wholesaler. The buyer was Eleventh LLC. The six-storey mansion dates from 1844 and includes an elevator, a garden, a roof terrace and a wine room. Leslie Garfields Matthew Lesser, Matthew Pravda, Tori Landon And Michael Pinchasick had the mention.
📊 Residential: On the Upper East Side, Himanshu DwivediCEO of Data Theorem, a data security company, and Kusum Pandey a mansion excavated 54 East 80th Street for $13.7 million. The seller was Kenmare Consulting Corp.tied to Michael Murphywho acquired the property in 2019 for just under $9 million. The mansion is five stories high and has six bedrooms in almost 5,600 square feet. It has been on the market since February 2023, when the original asking price was $18.5 million. Compass’ Heather Domi, Ian Wolf And Mareli Maemets had the mention.
According to the numbers: Texas markets lead U.S. metro home sales
Texas cities are leading the nation’s largest metros in selling their properties the most as owners cash in on their equity amid strong inventory and new construction. San Antonio, Dallas, Austin and Houston, which had seen an explosion of housing construction and housing inventory in recent years, are among the top 10 markets for housing turnover, according to a study. analysis Realtor.com. The report notes that the markets with the highest turnover rates tend to be more affordable, have more listed homes and more new construction homes up for grabs.
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