There have been 187 transactions totaling $271 million filed in New York Metropolis information within the 24 hours earlier than Thursday, Might 21.
🏆 Industrial: The priciest business deal to hit information was within the Garment District, the place a ten,300-square-foot, vacant business constructing at 28 West thirty seventh Avenue traded for $18 million or about $1,800 per sq. foot. The client was Sioni Group, which plans to construct a 32-story, mixed-use property on the positioning, in response to Crain’s. The vendor was an LLC tied to Leandro Vaysman, CEO at Sylvan Parking Corp.
🏆 Residential: The highest dwelling sale was on the Higher East Facet, the place a rental and storage unit at 1049 Fifth Avenue modified palms for $12.8 million. The vendor was Wheels 1049 Fifth LLC, which bought the two,800-square-foot unit in 2018 for $11.8 million. The client was Callisto Properties LLC. The rental has three bedrooms, three and a half loos and two landscaped terraces; the most recent sale works out to about $4,600 per sq. foot. Donna Olshan with Olshan Realty had the itemizing. The unit’s most up-to-date asking worth was $13.5 million.
📊 Residential: A belief tied to Kimberly Anne Liggett parted with a penthouse at 75 Kenmare Avenue in Nolita for $5.8 million. The belief had owned the unit since 2015, when it paid just below $6 million. The consumers within the newest deal have been Scott and Claudia Linstone. The rental spans about 1,900 sq. ft and has two bedrooms and two loos. It additionally has an almost 700-square-foot terrace. The deal pencils out to greater than $3,100 per sq. foot.
📊 Residential: Nick Advani bought a 2,100-square-foot, three-bedroom duplex rental at 92 Greene Avenue in Soho for $4.7 million. The client was a belief tied to Armin and Safoora Zerza. Advani had bought the unit in 2007 for $3.4 million. The unit went available on the market with Coldwell Banker Warburg’s Invoice Kowalczuk, Man Hobson and Jane Katz in February with an asking worth of $4.5 million.
By the Numbers: New York’s proposed all-cash luxury home tax would hit these neighborhoods hardest
New York state legislators are weighing a tax on all-cash properties of dwelling purchases of over $1 million within the Large Apple — however the place would such a levy have the best affect?
Unsurprisingly, town’s wealthiest enclaves — Lincoln Sq., Chelsea and the Higher West Facet — had the very best variety of $1 million-plus, all-cash dwelling gross sales in New York in 2025, in response to a TRD Information evaluation of residential deeds recorded within the metropolis from January 2023 by means of Might 2026.
Normally, all-cash purchases have been on the rise over the previous couple of years, notably as borrowing prices have additionally risen. From 2023 to 2025, the variety of all-cash dwelling gross sales over $1 million climbed by 15 % to about 4,500 offers, in response to the TRD Information evaluation. Up to now this yr, there have been 1,530 such gross sales.
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