There were 232 transactions totaling $687 million filed in New York City records from 4 p.m. on Friday, June 5 through 4 p.m. on Monday, June 8.
🏆 Commercial: The Garment District logged the priciest commercial deal to hit records in the Big Apple, with the sale of a 17-story hotel, Fairfield Inn & Suites New York Manhattan/Fifth Avenue, at 21 West 37th Street for $39.9 million. The seller was an LLC tied to Jeffrey Lam’s Lam Group. The buyer was an LLC linked to Ohio-based Omni Lifestyle Living. The building spans nearly 34,600 square feet and dates to 2007. The hotel site was last sold 20 years ago, for $6.5 million.
🏆 Residential: A Chelsea penthouse was the top recorded home sale in New York. Mark Viviano purchased a unit at 456 West 19th Street for $8.8 million. The seller of the nearly 3,000-square-foot pad was a company managed by Keith Jacobson, which purchased the condo in 2011 for $7 million.
📊 Commercial: In the West Village, an LLC linked to Fromme Realty Corp. offloaded a four-story, six-unit multifamily building at 19 Bank Street for $14 million. The buyer was 19 Bank Owner LLC. The property had been in the Fromme family since the 1970s. It measures 3,400 square feet.
📊 Commercial: A six-story apartment building at 419 Vanderbilt Avenue in Clinton Hill changed hands for $13.5 million. The seller of the property, which has up units and spans 60,700 square feet, was an LLC linked to Leslie Westreich’s Tryad Group, and the buyer was a company tied to David Brecher. Tryad Group had owned the building since 2008, when the firm acquired it for $7.5 million.
📊 Residential: Roberto Buaron, chairman and CEO at private equity firm First Atlantic Capital, parted with a 3,400-square-foot, full-floor co-op at 30 East 72nd Street in Lenox Hill for $7.8 million. The buyer was a trust tied to Barry S. Friedberg. The transaction breaks down to roughly $2,300 per square foot. The unit has three bedrooms and three bathrooms. Its last asking price was $7.9 million.
📊 Residential: A trust tied to Kenneth Landon sold a townhouse at 76 Willow Street in Brooklyn Heights for $7.5 million. The buyers were Natasha Armbrust and Benjamin Harland. The home spans 3,200 square feet, pricing the deal at roughly $2,300 per square foot. The corner brownstone stands four stories tall and has five bedrooms and three and a half bathrooms. It went on the market with Brown Harris Stevens’ Joan Goldberg in April for $7.2 million.
By the Numbers: The housing split: single-family down, apartments up
The homebuilding slowdown has spread to every corner of the country.
For the first time in nearly three years — since the third quarter of 2023 — single-family construction dropped in all seven market types tracked by the National Association of Home Builders, a sign that elevated mortgage rates, high construction costs and affordability concerns continue to weigh on the housing market.
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