There have been 253 transactions totaling $989 million recorded in New York Metropolis over the previous 24 hours earlier than 2 p.m. on Tuesday, Dec. 30.
🏆 Residential: The highest house sale recorded in New York Metropolis was in Lenox Hill, the place a three-story penthouse at 823 Park Avenue modified fingers for $24.2 million — practically 21 % off its prior commerce value. The vendor was an LLC managed by hedge funder Joseph Edelman, and the customer was an LLC tied to Suzy Welch, widow of famed Common Electrical CEO Jack Welch. The unit beforehand offered for $30.5 million in 2008. The 7,200-square-foot pad has 5 bedrooms, 5 and a half baths, a non-public elevator touchdown, house theater and three terraces. The penthouse has been on and off the market since 2021, when its asking value was $33.2 million. It went into contract at slightly below $27 million, based on StreetEasy. Compass’ Maria Manuche, Clare Cukier, Michellke Flikerski and Reilly Lavrich had the itemizing.
🏆 Business: The highest recorded business actual property transaction was Sioni Group and Patriarch Equities’ sale of the Stewart Lodge at 371 Seventh Avenue and a neighboring parking space for $260 million. The consumers, Slate Property Group and its nonprofit associate, Breaking Floor, are changing the 618-key resort, which had closed in 2022, right into a residential property with 579 reasonably priced models. Rents are anticipated to vary from $1,385 to $1,731 monthly.
📊 Business: BrightSpire Capital handed over the keys to an workplace property often called the Blanchard Building at 21-09 Borden Avenue in Lengthy Island Metropolis in a deal that valued the property, which stands seven tales tall and spans 168,000 sq. toes, at $21.5 million. The client was Blanchard 2109 LLC. BankUnited offered a $13.6 million mortgage for the newest buy. BrightSpire took over the constructing and a neighboring property two years in the past from Associated Corporations and BentallGreenOak for $63.3 million; these companies had defaulted on those properties’ mortgage, which BrightSpire, a mortgage REIT, held.
📊 Business: The Metropolis and Nation College, a non-public faculty, bought a 3,400-square-foot townhouse at 152 West thirteenth Avenue in Greenwich Village for $18.8 million. The vendor was an LLC managed by Jean-Pierre Chesse that had bought the property in 2016 for $15 million. The transaction pencils out to about $5,600 per sq. foot.
📊 Residential: Shari Coats, an employment lawyer, and Stephen Coats, co-founder and managing associate of The Petra Funds Group, offloaded a condominium at 100 Barclay Avenue in Tribeca for $8.3 million. The consumers had been Kelly and William Galanis; Kelly Galanis is a Goldman Sachs govt. The Coats had owned the unit since 2022, after they bought it for $8.5 million. The three,700-square-foot pad has 4 bedrooms and 4 and a half bogs. The deal works out to greater than $2,200 per sq. foot. Corcoran’s Tara King-Brown and Danielle Morreale had the itemizing.
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