There have been 216 transactions totaling $490 million filed in New York Metropolis data within the 24 hours earlier than 4 p.m. on Friday, July 31.
🏆Business: The most important industrial sale to hit data was in East New York, the place a seven-story, 116,500-square-foot workplace medical constructing at 101 Pennsylvania Avenue traded for $89.9 million. The client was healthcare REIT Very important Infrastructure Property Belief. The vendor was an LLC tied to developer Jonas Rudofsky. The property was constructed a few decade in the past.
🏆Residential: Tribeca logged the priciest recorded house sale within the Massive Apple, the place a duplex penthouse at Elad Group and the Peebles Company’s 108 Leonard Avenue bought for $15.5 million. The client of the 8,800-square-foot sponsor unit was NVNY Enterprises, LLC. The deal breaks right down to $1,800 per sq. foot. The rental has 5 bedrooms, 5 bogs, two powder rooms and three,100s sq. ft of out of doors house. The unit went in the marketplace in April 2025 for $19.3 million. Douglas Elliman’s Elena Sarkissian, Jane Powers and Christopher Salierno had the itemizing.
📊Business: In Whitestone, an affiliate of Schuckman Realty bought a two-story, 148,600-square-foot retail property at 153-15 Cross Island Parkway for $56 million. The sellers had been Redmont Marx LLC and three firms tied to Punia and Marx, Inc. The constructing had not traded for the reason that Seventies.
📊Business: An affiliate of the Glass household, which operates a few dozen ShopRite grocery shops, paid $40.6 million for a shopping mall at 1080-118 McDonald Avenue in Brooklyn that already homes a ShopRite. The constructing stands two tales tall and measures 130,400 sq. ft. The vendor was an organization tied to Abraham Leser, who had owned the property for many years.
📊Business: On the Higher West Facet, a mixed-use constructing at 500 Columbus Avenue modified arms for $28 million. The vendor of the five-story, 12-unit property was CKMR Company, which was previously referred to as Sloan’s Supermarkets and which had owned the constructing for the reason that Seventies. Its latest proprietor is an organization tied to Yevgeniy Lvovskiy of the ZHL Group. The property spans 35,300 sq. ft.
📊Residential: Make-up artist and sweetness founder Patricia Ann McGrath bought a rental at 95 Charles Avenue within the West Village for $7.2 million to a belief. The unit spans 2,300 sq. ft, pricing the sale at $3,100 per sq. foot. McGrath bought the pad in 2003 for $2.2 million.
By the Numbers: Multifamily oversupply pushes U.S. rental vacancies to a near-decade highs
A nationwide residence constructing increase might lastly give renters the higher hand.
The nationwide rental emptiness price at present stands at 7.3 p.c, its highest stage since 2017, based on the U.S. Census Bureau knowledge launched Tuesday. The nationwide residence constructing increase has decisively created a “renter-friendly” market, economists say.
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