There have been 213 transactions totaling $386 million filed in New York Metropolis data within the 24 hours earlier than 4 p.m. on Tuesday, Feb. 3, 2026.
🏆 Residential: The highest house sale recorded within the Huge Apple was for a 3,000-square-foot apartment at 212 Fifth Avenue in NoMad that bought for $11.8 million. The vendor was Violet Properties, LLC, which had bought the unit for $11.7 million in 2017. The client within the newest sale was PR212 LLC, and the transaction pencils out to about $3,900 per sq. foot. The unit has three bedrooms, three and a half bogs and 52 ft of frontage on Madison Sq. Park. The vendor listed the apartment in February, in search of $12.5 million. J. Chris Sousa with Sousa Actual Property had the itemizing.
🏆 Industrial: The priciest business actual property transaction to hit data was in Nolita, the place two rental properties with ground-floor retail and a complete of 12 residences at 236 and 242 Elizabeth Road, modified palms for a mixed $22.3 million. The sellers had been Ronald and Cecilia Ervolino, who had owned the buildings for nearly 20 years, and the client was Targo Capital Companions.
📊 Industrial: In Queens, the Israel Cohen Household Restricted Partnership offloaded two business buildings, at 42-71 and 42-73 Hunter Road in Lengthy Island Metropolis, for $10.2 million. The client was an LLC managed by Ke An Chen and Xin Xian Lin. The properties had been within the Cohen household for the reason that Sixties and Nineteen Seventies.
📊 Industrial: Nice Neck, New York-based landlord Bahram Hakakian picked up an residence constructing at 791 Broadway in Greenwich Village for $8.3 million. The vendor, landlord Bijan Nassi, bought the property in 2009 for $5.8 million. The six-story rental constructing has 10 items and dates to 2010. It doesn’t seem to have any vacancies, although a two-bedroom residence was available on the market in September for $5,650 per thirty days, in accordance with StreetEasy.
📊 Residential: Gary Barnett’s Extell Improvement Firm bought a sponsor unit at 50 West 66th Road in Lincoln Sq.. The client, Sea Trails 66 LLC, tied to James Kennedy, paid $10.2 million for a four-bedroom unit with 4 and a half baths. It measures about 3,200 sq. ft; the deal comes out to roughly $3,200 per sq. foot.
📊 Residential: Anthony Berritto, an actual property investor, bought a penthouse at 78 Laight Road in Tribeca for $9.3 million. The client was Carlito Wolf LLC. Berritto had owned the three,100-square-foot, three-bedroom apartment since 2016, when he bought it for $8.7 million. The total-floor unit has two and a half bogs, floor-to-ceiling arched home windows and views of the Hudson River. It additionally has a landscaped roof terrace. Corcoran’s Dana Energy and Max Nehrig had the itemizing. The house had been on and off the market since 2020; its most up-to-date asking worth was $9.5 million.
📊 Residential: Extell bought one other sponsor unit at its luxurious Lincoln Sq. improvement, 50 West 66th Road. The client, an LLC tied to Hardik Shah, bought a 3,200-square-foot pad for $8.8 million. The deal works out to about $2,800 per sq. foot. The unit has 4 bedrooms and 4 and a half baths.
📊 Residential: Yang Jiao and Xiangheng Liu dropped $7.2 million on a apartment at The Henry Residences at Naftali Group’s 211 West 84th Road on the Higher West Facet. The four-bedroom unit spans simply over 2,800 sq. ft, pricing the transaction at roughly $2,500 per sq. foot. Compass’ Alexa Lambert, Alison Black and Lib Goss had the itemizing, which had an asking worth of $7.1 million.
By the Numbers: US apartment vacancy rate rises, with widening urban-suburban gap
The hole between rental vacancies in cities and their suburbs is widening.
The vacancy rate for city rental items got here in at 7.6 p.c within the fourth quarter, in comparison with 6.9 p.c within the suburbs, in accordance with newly launched knowledge from the U.S. Census Bureau.
These fourth-quarter charges, for each metropolis and suburban rental items in metropolitan statistical areas — most of that are probably residences — had been larger than they had been within the fourth quarter of 2024. Nevertheless, the speed for metropolis items rose at a larger clip (by 40 foundation factors) in comparison with suburban items (by 20 foundation factors), indicating that there could possibly be an growing demand for leases exterior of city cores. Or, as has been the case in lots of Solar Belt cities specifically of late, cities are persevering with to wrangle with an oversupply of apartments.
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