🏆 Residential: The most expensive recorded home sale in New York City on Friday, November 7 was for a penthouse in Greenwich Village 40 Fifth Avenuewhich sold for $19 million. The seller was a billionaire Randy Lerner and the buyer was a trust associated with the manager of an entertainment company Charles Sussman. Lerner acquired the pad in 2023 for $17 million. The latest deal appears to have been off-market.
🏆 Commercial: The highest recorded commercial property sales took place in Turtle Bay. Qatar’s mission to the United Nations has unloaded a five-story commercial building in Eerstelaan 765 for $33.3 million. The buyer was the Democratic Republic of Congo mission to the UN The property last traded in 2006, when the 765 First Avenue Property Corporation purchased the building for $13 million. It was then transferred to the name of Qatar in 2021.
📊 Commercial: A branch of Willowick Properties sold two apartment buildings 205 and 207 Eighth Avenue in Chelsea for $16.6 million. The buildings are five storeys high and have a combined 22 units, along with shops on the ground floor. The buyer was an entity that was linked to David Hazout. The seller has owned the properties since 2013, when they sold for $15.9 million.
📊 Residence: Paul and Gertie Cerjas has dissolved a cooperative on 50 East 77th on the Upper East Side. Paul Cejas is a businessman and former US ambassador to Belgium. The buyer was a trust. The three-bedroom unit has three and a half baths, a private elevator landing and a designated staff room with a private entrance. The price was $9 million, which was $1 million above the asking price. Corcorans Julia Kay Goodman, Leighton Candler, Jennifer Reardon And Rachel Brandeis had the mention.
📊 Residential: In the West Village, an apartment and storage space Karelstraat 165 changed hands for $8.4 million. The seller had an LLC associated with it Franck Ruimy, the founder and CEO of Silver Creek Development, who purchased the unit in 2007 for just under $6 million. The buyer was an LLC associated with it Tyler Wolframmanaging partner at Oak Hill Capital. The two-bedroom unit spans 2,400 square feet. The most recent asking price was $8.8 million. Brown Harris Stevens’ Brett Miles, Robin Lyon-Gardiner, Paige Neuhauser And Parker Johnson.
📊 Residential: A sponsor unit 35 Hudson yards sold for $5.3 million. The buyer was C&X Hudson Yards LLC. The three-bedroom unit spans approximately 2,900 square feet and costs approximately $1,800 per square foot. The initial asking price was just under $7 million when it hit the market in 2021. Hottinger team And Arsic Lau team had the mention.
According to the numbers: Which NYC RESI Lender Had the Largest Average Mortgage in 2025?
In New York City, the largest home lender by average mortgage size had one of the lowest total transaction volumes of the city’s largest lenders last year.
Finance of America Reverse had the largest average deal size among the city’s most active mortgage lenders, at approximately $1.4 million. But the company, headquartered in Tulsa, Oklahoma, had just 87 deals last year, bringing its total deal volume to about $162 million, one-twentieth in the Big Apple.
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