There have been 231 transactions totaling $460 million recorded in New York Metropolis over the earlier 24 hours earlier than 4 p.m. on Thursday, Jan. 8, 2025.
🏆 Residential: The priciest residential actual property sale recorded in New York Metropolis was in Chelsea, the place a rental at 555 West twenty second Road bought for $7.7 million. The client of the sponsor unit, situated in Associated Firms and Matsui’s The Cortland at 555 West twenty second Road, was an LLC managed by Mun Soo Kang. Core’s Shaun Osher had the itemizing. The asking worth for the two,500-square-foot, three-bedroom pad was $8.3 million.
🏆 Industrial: The Meatpacking District had the priciest business actual property transaction recorded within the Massive Apple, coming in at $71 million. An LLC tied to TPG Angelo Gordon bought an workplace complicated spanning nearly 67,000 sq. ft at 410 West thirteenth Road. The Cayre household’s Aurora Capital was a part of the promoting entity, in line with Crain’s, together with an LLC linked to actual property developer and investor Epic. United Kingdom-based Epic acquired the property in 2011 for $69 million.
📊 Industrial: Resort Vetiver at 29-11 thirty ninth Avenue in Lengthy Island Metropolis bought for $14.3 million. The vendor was an affiliate of Miami-based Rialto Capital Advisors, and the customer was an LLC named after the property’s deal with. The Rialto-led entity bought the constructing in October for $13.9 million. The 28,400-square-foot resort dates to 2011. It stands 9 tales tall and has 68 rooms.
📊 Residential: George Hickmet, a portfolio supervisor at Tower Analysis Capital, parted with a rental at 150 Charles Road within the West Village for $6.6 million, after buying it greater than two years in the past for $5.7 million. The client was MJPH2 Firm, LLC. The 2-bedroom residence spans almost 1,600 sq. ft, pricing the newer sale at roughly $4,200 per sq. foot. Compass’ Jared Schwadron represented Hickmet, who put the rental in the marketplace for $6.3 million in August.
📊 Residential: Dr. Vicki Porges, a pediatrician, bought a rental at 161 Hudson Road in Tribeca for $5 million. The client was Belair Capital LLC. The three-bedroom rental measures 2,400 sq. ft. Keller Williams’ Nicole Gary represented the vendor. The unit’s most up-to-date asking worth was just below $5 million.
By the Numbers: Home loan activity surges year over year despite holiday drop
Regardless of taking a dip through the vacation season, residential mortgage exercise continues to stay elevated into the brand new 12 months.
For the week ending Jan. 2, the variety of new buy mortgage purposes tumbled by nearly 33 % in comparison with 4 weeks prior, and refinancing purposes additionally had been decrease, by 37 %, in line with the most recent survey from the Mortgage Bankers Association.
Nevertheless, each buy and refinance mortgage software quantity had been a lot greater in comparison with the identical time final 12 months. Refinancing exercise surged by almost 108 % 12 months over 12 months, whereas buy purposes had been up by 10 %.
For those who like this digest, you will get it even earlier — each night — by subscribing to TRD Information, here.
