There have been 166 transactions totaling $1.1 billion filed in New York Metropolis information within the 24 hours earlier than 4 p.m. on Wednesday, Might 6, 2026.
🏆 Industrial: The highest business actual property transaction to hit information got here from the Archdiocese of New York, which bought the bottom lease for the Lotte New York Palace lodge at 455-457 Madison Avenue for $491.1 million to the Seoul-based operator of the luxurious property to fund the settlements of the survivors of clergy sexual abuse. The sale additionally features a two-story neighboring constructing at 35 East fiftieth Avenue.
🏆 Residential: The priciest house sale was in Greenwich Village, the place Madison Realty Capital and Metropolis City Realty bought a penthouse at their luxurious improvement at 16 Fifth Avenue for $32.5 million. The consumers had been Hidden Prices, LLC and Hidden Prices 2, LLC. The unit, a duplex, spans greater than 6,800 sq. ft, pricing the sale at roughly $4,800 per sq. foot. It has non-public outside house, 5 bedrooms and 7 and a half loos. Corcoran’s Ryan Kaplan and Tara King-Brown had the itemizing. The pad’s final asking worth was $45 million.
📊 Residential: Jenica Paulson took over a townhouse at 9 East 86th Avenue in Carnegie Hill amid her divorce from billionaire hedge funder John Paulson. The deal valued the property at $30 million. John Paulson had bought the house, constructed by banker William Woodward within the early twentieth century, in 2004 for $14.7 million. The Paulsons in current court docket filings agreed to settle their divorce case and dismiss Jenica Paulson’s case in opposition to her estranged husband, alleging fraud, in line with Bloomberg.
📊 Industrial: RXR’s sale of a Clinton Hill improvement website hit information, closing for $121.4 million. The customer was Yitzchok Schwartz’s YS Builders. The complete-block website at 47 Hall Street spans 550,000 and final bought in 2016 for $161 million. The transaction works out to $221 per sq. foot. RXR deliberate to transform the property into luxurious workplace house; YS intends to maneuver ahead with a mixed-use improvement with retail, flats and self-storage house.
📊 Industrial: In Brooklyn Heights, a two-story retail property house to a Walgreens pharmacy at 120 Court docket Avenue traded for $30 million. The sellers of the 11,400-square-foot constructing had been firms linked to Ken Segal, Maurice Setton and Jeffrey Sorkin. The customer was an organization managed by Abraham Waldman. The constructing was final bought in 2000.
By the Numbers: Manhattan’s top brokerages post $23.4 billion in sales last year as market heats up
Manhattan’s prime residential brokerages in 2025 raked in extra money throughout extra offers, displaying that within the Huge Apple, the urge for food for houses remained robust even within the face of geopolitical unrest, tariff issues and elevated rates of interest.
Total, Manhattan’s prime 25 brokerages (ranked by complete gross sales quantity) took in $23.4 billion in offers final yr, up about 21 p.c yr over yr, in line with an evaluation by TRD Information of on-market residential gross sales in metropolis, MLS and company information. Firms specializing in new improvement had been excluded.
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