There were 179 transactions totaling $486 million recorded in New York City in the 24 hours before 4 p.m. on Tuesday, Dec. 16.
🏆 Residential: The top home sale recorded in New York City was on the Upper West Side. Alex Lasry, CEO of the host committee for next year’s FIFA World Cup and son of billionaire Marc Lasry, purchased a penthouse at 535 West End Avenue for $20.7 million, or roughly $2,500 per square foot. The seller was a trust tied to Tamar Wolchok and Simona Ganz, daughters of the late Slim-Fast mogul S. Daniel Abraham. The condo has six bedrooms and six bathrooms and went on sale in January with an asking price of $26 million. It has a staff room, private elevator landing and rooftop terrace. Corcoran’s Steven Cohen represented the seller.
🏆 Commercial: The top recorded commercial transaction was in Times Square. Tishman Realty Corp. and Metlife Investment Management offloaded the 450,000-square-foot InterContinental New York Times Square hotel at 300 West 44th Street for $230 million. The buyer was a joint venture between Highgate, Gencom and Argent Ventures. The hotel stands 36 stories tall and opened in 2010. Eastdil Secured represented the seller and arranged the debt — a $190 million loan from Monroe Capital.
📊 Commercial: In Carnegie Hill, six commercial condos at 141 East 88th Street, known as the Philip House, sold for $13 million. The seller was an LLC managed by Michael Aryeh, and the buyer was Philip House Retail LLC. The units had previously been owned by Ben Ashkenazy, who purchased them for $17 million in 2014. The Aryeh-managed entity took over the mortgage on the units in 2022 and eventually the deed last year amid a foreclosure case.
📊 Residential: At 15 Central Park West, Kathryn Olson Greenberg dropped just under $20 million on a condo and a studio suite. Greenberg was an attorney and is the widow of Alan Greenberg, former head of Bear Stearns. The seller was Justin Metz, managing principal of Related Fund Management, who purchased the 3,500-square-foot, four-bedroom condo in 2008 for $5.7 million and then the suite a few years later for about $905,000. The condo hit the market in 2022 for $23 million, and the seller was seeking an additional $1.7 million for the suite. Compass’ Kyle Blackmon had the listing.
📊 Residential: Extell Development Company sold another sponsor unit at 50 West 66th Street on the Upper West Side. A trust purchased unit 7F for $8.4 million. The unit spans about 2,900 square feet and has three bedrooms and three and a half baths. The transaction works out to about $2,900 per square foot.
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