🏆 Residential: The highest home sales in New York City occurred in Lenox Hill, home to a three-story penthouse Parklaan 823 changed hands for $24.2 million – almost 21 percent less than its previous trading price. The seller was an LLC managed by a hedge funder Joseph Edelmanand the buyer was an LLC associated with it Suzy Welchwidow of famed General Electric CEO Jack Welch. The unit sold for $30.5 million in 2008. The 7,200-square-foot property has five bedrooms, five and a half bathrooms, a private elevator, a home theater and three terraces. The penthouse has been on the market since 2021, when the asking price was $33.2 million. According to the company, the contract was for just under $27 million StreetEasy. Compass’ Maria Manuche, Clare Cukier, Michellke Flikerski And Reilly Lavrich had the mention.
🏆 Commercial: The highest recorded commercial real estate transaction was Sioni group And Patriarch shares’ sale of the Stewart Hotel 371 Seventh Avenue and an adjacent parking lot for $260 million. The buyers, Slate Property Group and its nonprofit partner, Breaking groundare converting the 618-key hotel, which closed in 2022, into a residential building with 579 affordable units. Rents are expected to range from $1,385 to $1,731 per month.
📊 Commercial: BrightSpire Capital handed over the keys to an office building known as the Blanchard Building in 21-09 Bordenlaan in Long Island City in a deal that valued the property, which stands seven stories high and spans 168,000 square feet, at $21.5 million. The buyer was Blanchard 2109 LLC. BankUnited provided a $13.6 million mortgage for the last purchase. BrightSpire took over the building and an adjacent building two years ago Related companies And BentallGreenOak for $63.3 million; those companies had defaulted on the mortgage of those properties, which BrightSpire, a mortgage REIT, held.
📊 Commercial: The City and Country Schoola private school, purchased a 3,400-square-foot mansion 152 West 13th Street in Greenwich Village for $18.8 million. The seller was an LLC managed by Jean-Pierre Chesse who had purchased the property for $15 million in 2016. The transaction works out to approximately $5,600 per square foot.
📊 Residential: Shari jacketsan employment lawyer, and Stephen Coatsco-founder and managing partner of The Petra Funds Group, has unloaded an apartment at Barclaystraat 100 in Tribeca for $8.3 million. The buyers were Kelly and William Galanis; Kelly Galanis is a director of Goldman Sachs. The Coats have owned the unit since 2022, when they purchased it for $8.5 million. The 3,700-square-foot pad has four bedrooms and four and a half bathrooms. The deal works out to more than $2,200 per square foot. Corcorans Tara King-Brown And Danielle Morreale had the mention.
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