🏆Residential: Brooklyn Heights logged the priciest house sale within the Massive Apple. Bryan and Carter Hamontree bought the 4,000-square-foot townhouse at 40 Backyard Place for $11.5 million, a 174 % enhance from its 2022 sale worth. The client was Backyard Place Realty LLC. The Hammontrees paid $4.2 million for the five-bedroom brownstone earlier than executing a intestine renovation. The sellers put the house available on the market in April with an asking worth of $12.8 million. Their brokers had been Compass’ Callie Katt, Eric Sidman, Carrie McCue, Kelly Bree and Nikki Adamo Parsons.
🏆Industrial: The most costly industrial transaction to hit information was SL Inexperienced’s sale of 10 East 53rd Street, a 37-story workplace constructing spanning 390,000 sq. toes. Meadow Companions bought the property, which is 92 % leased, for $312.2 million. SL Inexperienced acquired the constructing in 2012 and redeveloped it; the actual property funding belief took over its associate’s 45 % stake within the property in a 2024 deal that valued the constructing at $236 million.
đź“ŠIndustrial: The Roman Catholic Church of the Guardian Angel shed a plot of vacant land at 2900 Ocean Parkway in Coney Island for $17 million. The client was 2980 Ocean Parkway LLC. The land sits subsequent to a church constructing, which doesn’t seem to have been a part of this transaction.
📊Industrial: In Far Rockaway, the New Haven Manor assisted dwelling facility at 15-26 New Haven Avenue modified arms for $15.5 million. The vendor was an LLC managed by David Edrich and the client was an affiliate of The W Group. The constructing stands for tales tall and measures almost 32,000 sq. toes. It’s unclear when it final bought.
By the Numbers: Cannabis tenants go from risky bet to retail mainstay
Hashish dispensaries had been as soon as a dangerous proposition for New York landlords. Three years into the state’s rocky rollout of authorized weed, they’re regaining their standing as a retail lifeline.Â
The Actual Deal analyzed greater than 230 at the moment working dispensaries tracked by storefront listing database Dwell XYZ. In comparison with the second quarter of 2025, dispensary openings jumped 108 %, the most important enhance of any retail subcategory tracked by Dwell XYZ and forward of sports activities and recreation facilities, health and gymnasiums and eating places.Â
In 2025, almost 100 hashish dispensaries entered working standing, nearly doubling from the yr prior. The surge adopted a sluggish begin to New York’s hashish rollout. The state legalized leisure use of hashish in 2021, however licensing delays saved the variety of authorized dispensaries low whilst unlicensed outlets proliferated throughout the town.
For those who like this digest, you will get it even earlier — each night — by subscribing to TRD Knowledge, here.
