🏆 Residential: The Upper West Side had the most expensive home sales ever in the Big Apple. Silvia Aguilar And Luiz Carvalho an apartment sold on 219 West 81st Street for $3.5 million. The buyer was a trust. Aguilar and Carvalho had owned the unit since 2017, when they purchased it for $4.1 million. The pad measures just over 2,100 square feet and costs about $1,700 per square foot. The unit, which first hit the market in April 2023 for $4.3 million, has four bedrooms and three bathrooms. Michael Caroll with Brown Harris, Stevens had the mention.
🏆 Commercial: The most significant commercial deal took place near Grand Central Terminal. SL Green Real Estate two adjacent buildings were excavated 346 Madison Avenue And 11 East 44th Street for $160 million. The seller was Claudio Del Vecchio. JLLs Drew Isaacson And David Giancola advised on the deal. The properties together have approximately 800,000 rentable square feet.
📊 Commercial: The Oved Group bought a shop in 425 Seventh Avenuebetween New York Penn Station and Herald Square, out United Pacific Development Corp. for $30 million. The three-story building measures approximately 4,400 square feet.
📊 Commercial: Norbil Trust Co., a Tokyo-based company paid $10.4 million for an apartment complex in 225 East 25th Street in Kips Bay. The seller had an LLC associated with it Parke Leatherman by Lockhill Propertieswhich had purchased the building for just under $6 million in 2023. The building dates from the 1920s, is five stories high and has 21 units.
📊 Commercial: In Hell’s Kitchen, a multi-family home in 415 West 47th Street traded for $7.8 million. Three companies were associated with the sellers Save Fattizzi, Bernard Gleich And Leonard right who had owned the building for decades. The buyers were LLCs managed by Johannes Pantanelli And Jesse German. The five-storey building covers approximately 12,000 square meters and features 24 apartments and commercial space on the ground floor. The last asking price put the price at $8.3 million LoopNet.
According to the numbers: Apartment rents in the US continue to decline in October
Apartment rents fell in October in the vast majority of the country’s largest markets.
Of the top 30 markets in the U.S., only New Jersey and Detroit experienced month-over-month rent growth, according to a report from a commercial real estate data firm. Yardi matrix. The increase in those markets was small at only 0.1 percent.
Nationally, rents fell 0.2 percent from September, marking the third straight month of declines. Rents rose the most year over year in New York City, up 4.7 percent.
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