There were 200 deals recorded, totaling about $326 million, in New York City on Monday, June 30.
🏆Residential: The top residential sale recorded in New York City was in Yorkville. Lightstone Group sold a sponsor penthouse unit at 40 East End Avenue for $11.7 million; its most recent asking price was just under $12 million. The buyer was 40 East End Holdings LLC. The condo spans about 3,600 square feet, pricing the deal at roughly $3,300 per square foot. Corcoran is leading sales at the property.
🏆Commercial: The top commercial deal recorded in New York was in Sunnyside. A 36,000-square-foot warehouse at 11-40 Borden Avenue traded hands for $16 million. The seller was Wickersham Realty, which had owned the property since at least the 1970s. The buyer was a company affiliated with Terreno Realty Corporation.
📊Residential: Daniel and Eugenia Fishbein parted with a two-family Greek Revival townhouse in Greenwich Village for $9.7 million. The four-story, nearly 5,700-square-foot building at 30 West 11th Street has been in the Fishbein family since the early 1990s. It appears to have been put on the market in 2023 before it was delisted in July 2024. The new owner is an LLC named after the property’s address.
📊Residential: Edmund Reese, chief financial officer at consultancy Aon, scooped up a condo at 52 Lispenard Street in Tribeca. The price tag was $7.1 million. The sellers were Ashley Mitchell Mohr and a company linked to Robert Mohr. The unit last traded in 2016 for $7.2 million. It has been on the market since May 2024, when it was listed for $7.4 million. Matthew Coleman of Coleman Real Estate Group had the listing.
📊Residential: A 2,200-square-foot condo at the new development project The Cortland at 555 West 22nd Street in Chelsea traded hands for just under $7 million, which was about 4 percent off the asking price. The buyer was CEV1 LLC. Related Companies and Mitsui developed the 25-story tower. Core’s Shaun Osher had the listing.
📊Commercial: On the Upper East Side, La Maruja Realty Corp. offloaded two adjacent five-story walkups at 345 and 347 East 78th Street for $7.7 million. The buyer was a company tied to Migdal Management. The sellers sold the buildings as part of a four-property portfolio sale; they had owned the properties for more than 50 years, according to a listing document. Raven Property Advisors had the listing.
By the Numbers: Brooklyn Is One of the Least Affordable U.S. Counties
Brooklyn’s Kings County ranked the fourth in the country by the greatest share of wages needed to buy and keep up a house. A buyer there would need to dedicate 109 percent of their yearly income toward a home. Typically, lenders would like this figure to be around 28 percent.
Homebuyers in Brooklyn would also need a salary of about $234,000. The median sale price during the second quarter was $993,000, but that figure is flat from the same time last year.
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.