There have been 205 transactions totaling $637 million filed in New York Metropolis information within the 24 hours earlier than 4 p.m. on Wednesday, March 25, 2026.
🏆 Industrial: In Brooklyn, firms tied to nursing residence proprietor Daryl Hagler bought 5 buildings to Lakewood, New Jersey-based entities linked to Shmuel A. Serle for $222.8 million. The most important sale was for a Facilities Well being Care nursing residence at 4915 Tenth Avenue, which traded for $161.5 million, making it the highest sale ever in Borough Park. The nine-story, 292,000-square-foot constructing final bought in 2011 for $19 million. The opposite buildings within the deal are: 2629 Fulton Road (a car parking zone), 51 Georgia Avenue (a dialysis heart), 50 Sheffield Avenue (one other Facilities Well being Care nursing residence) and one other property on Fulton Road. These properties bought for greater than $61 million, and so they final bought in 2010 for $10.3 million.
Hagler’s portfolio was the topic of a December report by the New Jersey state comptroller, which claimed that Hagler and a enterprise accomplice “inflated hire funds from the nursing properties to their property firms, deliberately understaffed each services, and diverted to themselves tens of hundreds of thousands of {dollars} in Medicaid funding,” referring particularly to 2 properties in New Jersey. He and his enterprise accomplice, who personal Facilities Well being Care, beforehand paid New York state $45 million to settle allegations of fraud and resident neglect.
🏆 Residential: The highest residential sale to return on-line within the Huge Apple was on Billionaires’ Row, with the commerce of a sponsor unit at Central Park Tower at 217 West 57th Road for $11.9 million, or about $4,500 per sq. foot. An LLC tied to Rafael Lipa, co-founder of Victory Consulting Group, purchased the greater than 2,600-square-foot pad within the trophy growth by Gary Barnett’s Extell Improvement Firm. Its final asking worth was $13.5 million.
📊 Industrial: Associated Corporations offloaded a 15-story, 123,000-square-foot, inexpensive housing complicated generally known as The Caroline at 210 Sherman Avenue in Inwood for $50.6 million. The patrons have been the Settlement Housing Fund and Jonathan Rose Corporations. The property has 126 residences together with ground-floor business items, and Associated acquired it in 2008 for $17.5 million.
📊 Industrial: Following a lender-directed sale, an entity tied to the Kaufman Group and Two Sigma Actual Property is taking on a 12-story workplace constructing at 40 West twenty fifth Road within the Flatiron District for $51 million, in line with information and the Commercial Observer. The vendor was one other affiliate of the Kaufman Group, which had bought the 137,000-square-foot property in 2019 with AXA Monetary for $121.5 million.
📊 Industrial: In Queens, a six-story, 116-unit residence complicated at 144-30 and 144-32 thirty fifth Avenue modified arms for $13 million. The vendor was an LLC tied to Olshan Properties, and the client was an entity linked to Douglaston, New York-based RockFarmer Properties.
📊 Residential: A sponsor unit at 1289 Lexington Avenue in Carnegie Hill traded for $11.3 million, or about $2,400 per sq. foot. The almost 4,700 sq. foot pad, a penthouse, was bought by a belief. Zeckendorf Improvement is the developer behind the condominium, and Zeckendorf Advertising and marketing and Brown Harris Stevens are advertising the items.
📊 Residential: Extell bought one other sponsor unit, this time at 50 West 66th Road on the Higher West Facet, for $7.3 million to Fifty West Sixty Six LLC. The unit measures about 2,400 sq. toes; the deal breaks all the way down to roughly $3,000 per sq. foot.
By the Numbers: U.S. office-to-apartment conversions hits new high
Builders are remodeling workplace towers into residential properties at one other document clip, pushed by the rise of distant work and a persistent housing scarcity.
The variety of office-to-apartment conversions hit a excessive initially of the 12 months, with some 90,300 residences underneath development throughout america, in line with a brand new report from RentCafe. That determine represents a 28 % soar 12 months over 12 months and a staggering 291 % enhance since 2022.
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