There were 169 transactions totaling $276 million recorded in New York City over the 24 hours before 4:00 p.m. on Friday, Dec. 12, 2025.
🏆 Residential: The Trump Parc at 106 Central Park South had the largest residential transaction recorded in the city. Citi Mortgage, via a deed in lieu of foreclosure filing, took over five condominium units spanning the property’s 21st floor in a deal valued at $18.9 million, according to the record. The seller was a trust tied to Daniel Grollo, an Australian real estate developer, that had upped the mortgage on the units to $18.9 million in 2016. The trust purchased two units in 2013 for $14.3 million, then purchased the remaining three over the next several years.
📊 Residential: In Brooklyn Heights, a trust sold a townhouse at 19 Cranberry Street for $11 million. The buyer was an LLC managed by Michael Saltzman. The trust had owned the home since 2022, purchasing it for $12.3 million. The five-bedroom home spans roughly 5,600 square feet and dates to 1829. Adam Modlin with the Modlin Group and Corcoran’s Karen Talbott, Kyle Talbott and Scott Sternberg had the listing. The transaction works out to just under $2,000 per square foot.
📊 Residential: Jeremy Hoon paid $7.3 million for a townhouse at 537 Pacific Street in Boerum Hill. The 5,700-square-foot home, which has 1,300 square feet of exterior space, is part of a two-townhouse and a condo complex developed by Sterling Town Equities. The five-bedroom residence first hit the market in 2023 with an asking price of just under $11 million. Compass’ Tamara Abir and Noah Plener had the listing.
📊 Residential: EJS Development sold a sponsor unit at 200 East 75th Street in Lenox Hill for $6.1 million — its asking price — to 200E75 LLC. The 2,500-square-foot pad has four bedrooms and four and a half baths. Compass’ Alexa Lambert, Susan Wires and Marc Achilles had the listing, which went live in May 2024.
By the Numbers: How did NYC’s ultraluxury resi market fare in 2025?
New York City notched more ultraluxury home sales so far this year — but they were far less expensive than last year.
Since the start of 2025, the Big Apple saw 240 residential deals valued at $10 million and higher close, almost 15 percent more than last year, according to an analysis of recorded deeds by The Real Deal.
However, the median sale price of these transactions was $14.4 million, a 10 percent plunge compared to the year before. That was also the second-biggest drop for the price tier over the past decade; the steepest was in 2021, when the inflation-adjusted median sale price tanked by 13 percent year over year.
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