🏆 Residential: The highest home sale in the Big Apple was a 25-foot-wide, five-story townhouse in the West Village. Kala’s Red Rover LLC bought the property Morton Street 78 for $19 million, which was $2 million below the home’s original asking price. The seller, Bram LPpurchased the mansion in 2020 for $19.2 million. The building covers almost 6,900 square meters and features an elevator, media room, outdoor space and garage. The lowest level is also furnished as a jazz club. Sales work out to about $2,800 per square foot. Sotheby’s International Realties Jeremy Stein And Cat stairs had the offer, which went live last April.
🏆 Commercial: The most expensive recorded transaction involved commercial land on 539 West 54th Street in Hell’s Kitchen, which sold for $30 million. The buyer was 539 West 54 LLCtied to Shoime Goldstein, from whom the property was acquired Excel development group. The property previously traded for $25 million in early 2022. Excel planned to build a 71-unit, 21-story apartment building on the site, where a church once stood.
📊 Commercial: Cayre Equities has unloaded an office building in 254 West 35th Street in the Garment District for $26.2 million. Cayre had acquired the property in 2024 for $16.2 million. The new owner of the 16-story, 106,000-square-foot building is Joël Wertzberger of Joyland.
📊 Residential: There is a business associated with the Upper East Side Harold A. Kelly separated with a mansion on it 61 East 80th Street for $18.2 million. The buyer was AJ Happiness LLC. The seller had purchased the house in 2007 for $10.6 million; it hit the market in late 2024, with an asking price of $19.8 million. The six-story mansion spans 9,000 square feet, which puts the deal at just over $2,000 per square foot. Amenities include a spiral staircase throughout the house, a roof deck, a garden, a patio overlooking the garden, and a gas fireplace. Douglas Elliman Jodi Sutherland, Lisa Mathias And Lauren has to had the mention.
📊 Residential: Pontiac Country Group sold a sponsorship unit in the MoMa Tower West53estraat 53 in Middenstad. The buyer, CXT Property, LLCpaid $15.3 million — about $4,200 per square foot — for the nearly 3,400-square-foot lot. The unit has three bedrooms and three and a half bathrooms, and the asking price was $23.3 million. Douglas Elliman Renee Micheli, Jade Chan, Frances Katzen And Michelle Griffith had the mention.
📊 Residential: In Greenwich Village, Simon Hucka PR director, boasted a mansion West 12th Street 23 for $11.2 million. The seller was a trust. The 7,000-square-foot property has a triplex, a duplex and an owner’s studio, but could be converted into a single-family home, according to the listing. Sales work out to about $1,600 per square foot. The house hit the market in May, with an asking price of just under $15 million. Compass’ Nick Gavin, Ugo Russino And Allie Fraza had the mention.
According to the numbers: Mortgage rates in New York exceed the national share, despite the problems
New York City’s residential mortgage market exceeds the national average, but problems persist in the five boroughs.
In the fourth quarter of 2025, 1.7 percent of homes with mortgages in New York City were considered severely underwater. That was a hair higher than the share from the same period the year before, 1.63 percent – but almost half the national rate of 3 percent.
Percentage of residential mortgages underwater, fourth quarter 2025
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