🏆Residential: The costliest recorded residence sale was in Nomad, the place a condominium at JD Carlisle Improvement and Fosun Worldwide’s 15 East thirtieth Road, often called Madison Home, offered for $11.4 million. The client was Madison 59A LLC. The unit spans about 3,400 sq. toes and has 4 bedrooms and 4 and a half bogs. The deal breaks right down to about $3,400 per sq. foot. Douglas Elliman’s Justin Tuinstra had the itemizing.
🏆Industrial: The highest industrial deal to hit data was in Sundown Park, the place a 13,700-square-foot industrial condominium at 6025 Sixth Avenue modified arms for $29.5 million. The vendor was an LLC tied to Leon Chen, and the client was the Sundown Park Well being Council and Household Well being Facilities at NYU Langone, which already occupies the house. The middle gives early childhood companies, household strengthening companies, older grownup companies and extra.
đź“ŠResidential: In Lenox Hill, Christopher and Nina Evison bought a co-op at 30 East 71st Road for $9.1 million. The vendor was a belief tied to Stacey Kaye Bronfman, an artwork collector and ex-wife of Seagram inheritor Matthew Bronfman. The unit spans about 3,800 sq. toes and has 4 bedrooms and 4 and a half bogs, in response to a 2018 itemizing for the property, which Kaye Bronfman bought in 2018 for $9.2 million.
đź“ŠIndustrial: Within the Hamilton Heights part of Manhattan, an affiliate of Richmond Hill, New York-based Wavecrest Administration parted with two, five-story-tall condominium complexes at 1704 Amsterdam Avenue, which has 35 flats, and 504 West 145th Road, which has 20 models, for $19.2 million. The client was Metropolitan Realty Group, based mostly in Nice Neck, New York.
đź“ŠIndustrial: In Brooklyn, an affiliate of The Jackson Group offloaded two properties at 2074 and 2080 McDonald Avenue for $18.6 million. The client was an affiliate of Atlanta-based Diamond Nationwide Investments. The constructing at 2074 is a industrial property standing two tales tall and spanning 18,700 sq. toes, and the opposite constructing is a one-story yeshiva measuring 7,500 sq. toes, in response to metropolis data.
By the Numbers: REITs outperform broader market in H1 2026
Real estate investment trusts within the first half of the yr outperformed the broader market as rates of interest stay elevated, largely because of robust working fundamentals.
Within the first and second quarters, the Nareit All Fairness REIT index posted whole returns of practically 15 %, in response to knowledge from Nareit, a REIT business group. In the meantime, the Russell 1000’s returns have been 10.3 % and the S&P 500’s was 10.2 %.
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