🏆 Residential: The highest home sales to hit records were up of the Naphtali group The Henry, op 211 West 84th Street on the Upper West Side, where September Thirteen Wealth LLC purchased a sponsorship unit for $9.9 million. The 3,400-square-foot pad has five bedrooms and five and a half baths. It first hit the market in late 2024, with an initial asking price of $9 million. Compass’ Alexa Lambert, Alison Black And Lib Goss had the mention.
🏆 Commercial: The most significant commercial deal recorded in New York City took place in the West Village. The New York University School of Law Foundation sold two townhouses Charlesstraat 63 and 65 for $33.4 million. The buyer was C128 LLCbased in Grand Cayman. The foundation had owned the buildings for about 30 years. Both buildings are three stories high and together measure almost 9,300 square meters.
📊 Commercial: In the Garment District, a subsidiary of the Witkoff group sold a commercial apartment in a 28-story office tower in 420 Fifth Avenue for $16.5 million. The buyer was T. Vakiflar Bank BTBa Turkish bank. Witkoff purchased the full-floor unit, along with three other floors — the four floors span 119,000 square feet — in 2006 for $61.8 million. The apartment spans 29,250 square feet and costs more than $560 per square foot.
📊 Residential area: Naftali Group sold two other sponsorship units at The Henry. Henna and Murtaza Haquea lawyer and a financier, respectively, bought a 2,800-square-foot unit for $6.9 million, about $2,500 per square foot. Additional, 84th Street Bear Family, LLC purchased a 2,300-square-foot lot for $5.8 million, also about $2,500 per square foot. Compass’ Alexa Lambert, Alison Black And Lib Goss also had these entries.
📊 Residential: Dr. Carlos Cordon-Cardoa cancer researcher, left a cooperative at 73 Fifth Avenue in the Flatiron District for $5.6 million. The buyers were Andrew DiGeronimoan investment manager, and Another DeGeronimoa lawyer. The three-bedroom unit spans 3,400 square feet; it sold earlier in 2020 for just under $5 million. Jeremy Stein at Sotheby’s International Realty had the listing.
According to the numbers: CRE prices are increasing year after year
US commercial real estate prices managed to close 2025 with a small gain.
Commercial asset prices rose just 0.2 percent year-on-year in December RCA’s commercial real estate index. However, they fell by 0.4 percent compared to the previous month.
The biggest gainer among the main sector types was the office sector, where prices rose 2.8 percent year on year. The increase was fueled by suburban offices. Prices for these properties rose 2.7 percent compared to the previous year – the biggest annual spike since August 2023, according to RCA. Meanwhile, offices in central business districts saw their prices fall by 2.9 percent year on year.
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