There have been 240 offers totaling $471 million recorded in New York Metropolis within the 24 hours earlier than 4 p.m. on Tuesday, Nov. 25, 2025.
🏆 Residential: The highest residential transaction recorded in New York was in Chelsea, the place a triplex penthouse at 520 West 28th Street modified palms for $26.5 million. The vendor was billionaire co-founder of Fortress Funding Group Wesley Edens, and the client was Chelsea 520 West LLC. Edens bought the pad in 2020 for $20.2 million. The unit has greater than 6,600 sq. toes of dwelling area and one other 2,500 sq. toes of outside area, together with a rooftop deck with a sizzling tub and chilly plunge. Clayton Orrigo, Stephen Ferrara and Arran Patel with Compass had the itemizing. The unit went in the marketplace in June with an asking value of $35 million.
🏆 Business: The highest business deal recorded within the metropolis was close to Grand Central Station. The Durst Organization’s sale of 205 East 42nd Street, an workplace constructing that New York-based 601W Firms and David Werner Actual Property Investments has closed and hit information. The value was $165 million. The constructing stands 21 tales tall and its main tenants embody the Metropolis College of New York and Fedcap Rehabilitation Providers.
📊 Residential: Jordan and Riva Kestenbaum parted with a condominium at The Beckford Tower at 301 East eightieth Avenue on the Higher East Facet for $12 million. The consumers had been Benjamin Xiao and Tracy Kwan. The unit has 5 bedrooms and measures about 3,800 sq. toes. It went in the marketplace in March, with a list value of $13.5 million. The Kestenbaums bought the house in 2021 for $10.2 million. Compass’ Jared Schwadron had the newest itemizing.
📊 Residential: Gary Barnett’s Extell Improvement Firm offered one other sponsor unit at 50 West 66th Avenue on the Higher West Facet. Heather Levine, a magnificence and style content material creator, and Nathan Ajiashvili, an legal professional, paid $9.5 million for a four-bedroom, four-and-a-half-bath condominium spanning greater than 3,200 sq. toes. The transaction pencils out to below $3,000 per sq. foot.
📊 Business: In Midtown, two retail condos offered for $7.7 million. An LLC tied to JLL offered the models at 485 Seventh Avenue to an LLC managed by Albert Rabizadeh. The constructing is house to the Moxy NYC Instances Sq. lodge.
By the Numbers: CRE prices across the U.S. rise again in October
U.S. business property costs in October notched their largest progress spurt in three years.
In comparison with the identical time final yr, the RCA CPPI Nationwide All-Property Index climbed 4.2 %, marking the best annual fee since 2022. Month over month, the index edged up by 0.8 %.
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