🏆 Residential: The largest housing transaction in New York City involved a co-op in Carnegie Hill. Real estate director Richard Hadar and his wife Mica Hadaran actress and playwright, dropped $13 million on a 4,000-square-foot lot sold by film producer Kristin Kehrbergbee 1050 Fifth Avenue. The unit, which last traded in 2016 for $16.5 million, is currently configured to have three bedrooms and an office/library. Brian Logvinsky And Ryan Siciliano with Douglas Elliman had the listing, which went live in March 2024 for just under $17 million. The transaction works out to approximately $3,300 per square foot.
🏆 Commercial: The most expensive commercial deal in the city was recorded in the Bronx. Based in New York Access to the communitya nonprofit that provides affordable and supportive housing paid $25 million for a development site — currently a 27,000-square-foot parking lot — along River Avenue in Competition. The organization plans to build a nearly 300-unit mixed-use project on the site, scheduled to open in 2029. website. The seller of the lot was an LLC managed by the Irgang group.
📊 Residence: Fred Gehringthe former CEO of Tommy Hilfiger, has unloaded an apartment at Bondstraat 41 for just under $9 million. The buyer was Seaver 41, LLCwhich has the same address as Pleasantville, New York-based A-CAP, a company that provides services to the insurance industry. Gehring had owned the Noho unit since 2011, purchasing it for approximately $7.1 million. The residence measures approximately 2,600 square feet and has three bedrooms and three and a half baths. The deal works out to about $2,700 per square foot. Douglas Elliman Cliff Doorn And James Testa represented Gehring, who put the property on the market in September 2024 for $9.8 million.
📊 Residential: In Tribeca, an apartment in Sixty Collister Hudson Street 157 changed hands for $7.5 million. The seller was 157 Unit 2B LLCwhich acquired the unit for $3.5 million in 2012. The buyer in the last deal was 60C1C LLC. The four-bedroom pad measures approximately 3,900 square feet. It was initially listed for sale in 2023 with an asking price of $7.8 million. Casa Blanca Real Estate Tristen Marin, Nicole Leotta And Hanna Bomze represented the seller.
📊 Residential: A full floor penthouse at The Metropolitan in 181 East 90th Street traded in Carnegie Hill for $7.4 million. The seller was Palua LLC and the buyer was Gur Dani LLC. The 3,600-square-foot unit has four bedrooms and four and a half bathrooms, along with a patio of just over 1,000 square feet. The condo went on the market in September 2024, with a list price of $9.3 million. It last sold in 2013 for $8.1 million.
📊 Residence: Kurien Jacob And Sulakshana Jain dropped $6.3 million on a sponsorship unit 430 East 58th Street at Sutton Place. The three-bedroom residence has three bathrooms and spans just over 2,000 square feet. It went on the market in May 2024 for $6.7 million. Corcoran Sunshine Marketing Group is handling the sale of the property, known as Sutton Tower and developed by Gamma Real Estate And JVP development.
According to the numbers: Which metro has the highest additional costs for homeownership?
The country’s major coastal urban areas, some of the most expensive places to buy a home, also have the highest invisible costs of homeownership.
The average homeowner in the New York metro area spends an average of about $24,400 per year on property taxes, home insurance and maintenance – on top of mortgage payments. That’s the highest total additional cost in the country, according to a report by Zillow and Thumbtack, a directory of home maintenance professionals.
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