There have been 256 offers totaling $497 million recorded in New York Metropolis within the 24 hours earlier than 4 p.m. on Wednesday, Nov. 26, 2025.
🏆 Residential: The highest residential transaction recorded in New York was at The Pierre at 795 fifth Avenue in Lenox Hill, the place billionaire Larry Ellison bought two co-ops for $24 million. The vendor was a belief tied to late billionaire media titan Sumner Redstone and two different trusts tied to his daughter, Shari Redstone, additionally a media government.
🏆 Business: The highest industrial deal recorded within the metropolis was within the Flatiron District. Olmstead Properties paid $104 million for 2 workplace buildings at 381 and 373 Park Avenue South. The vendor was ATCO Properties. Empire Capital went into contract earlier this yr to buy the properties, however as an alternative it has retained a small stake in them. The property at 381 Park Avenue South stands 17 tales tall and spans 244,000 sq. ft, and the 12-story 373 Park Avenue South spans about 112,000 sq. ft.
📊 Residential: At One High Line in Chelsea, Witkoff Group and Entry Industries offered one other sponsor unit at its new growth at 500 West 18th Road in Chelsea. Jiny Prime Properties LLC dropped $11.8 million on a greater than 3,000-square-foot unit with 4 bedrooms and 4 and a half baths. The transaction pencils out to about $3,900 per sq. foot. Corcoran’s Deborah Kern and Steve Gold had the itemizing. The unit’s authentic asking worth, again in 2022, was just below $13 million.
đź“Š Residential: Compass dealer Clayton Orrigo parted with a nook co-op on the Hudson Mews Cooperative at 256 West tenth Road within the West Village for $4.3 million. The consumers had been Thomas and Susan Whitesell. Thomas Whitesell is the top of the debt funding group at Kennedy Wilson. The pad has two bedrooms and two loos. Orrigo bought the unit in 2017 for $2.1 million and renovated it, in keeping with StreetEasy.
📊 Residential: In Lenox Hill, a co-op at 956 Fifth Avenue modified fingers for $9 million. The complete-floor house, which had not been in the marketplace for 5 many years, has 5 bedrooms and 4 loos. It went in the marketplace in June for just below $9 million. Brown Harris Stevens’ Frederick Peters and Robert Doernberg had the itemizing. The vendor was a belief tied to Carol O. Collins and the client was one other belief.
đź“Š Business: An East Village multifamily property at 113 East eleventh Road traded for $14.3 million. The vendor of the 20-unit, four-story constructing was an LLC tied to Haskell Actual Property. The client was an LLC linked to Bahram Hakakian’s Allied Realty & Growth. The property has been within the Haskell household for many years. There don’t seem like any vacant models on the complicated, however earlier this yr a two-bedroom pad was listed for $5,600 a month.
By the Numbers: U.S. industrial rents climb 6% as vacancy inches up
Throughout the U.S., rents for industrial assets rose practically 6 p.c yr over yr to achieve $8.73 per sq. foot in October.
Not one of the prime markets noticed lease fall over the previous yr. However the sector’s rental development comes because the emptiness fee additionally elevated, by 240 foundation factors, over the previous 12 months to 9.6 p.c amid elevated stock, in keeping with Yardi Matrix’s November industrial report.
The market that recorded the strongest year-over-year lease development was Miami, the place the typical lease in October was $12.91 per sq. foot, a roughly 9 p.c spike. The emptiness fee in that market was simply over 11 p.c.
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