There were 147 transactions totaling $236 million recorded in New York City in the 24 hours before 4 p.m. on Friday, Dec. 19.
🏆 Residential: The top home sale recorded in New York City was along Billionaires’ Row. JDS Development Group and Property Markets Group sold a sponsor unit at their luxury tower at 111 West 57th Street for $21.3 million. The buyer was SGNY Property LLC. The unit spans about 4,200 square feet and has three bedrooms and three and a half baths. The deal pencils out to about $5,100 per square foot. The condo’s most recent asking price was $21.8 million. Sotheby’s International Realty’s Nikki Field is leading sales at the development.
🏆 Commercial: Greenpoint had the priciest commercial real estate transaction recorded in the Big Apple. An LLC tied to B&B Development offloaded a mixed-use property at 977 Manhattan Avenue for $6.7 million. The buyer was 977 Manhattan LLC. The developer purchased the site in 2015 for $4.1 million. The eight-story building was built in 2017 and has 13 apartments and ground-floor retail.
📊 Residential: Lynne Handler, who was once married to Jerry Speyer, co-founder of Tishman Speyer, shed a 4,500-square-foot townhouse at 200 East 71st Street in Lenox Hill for $8.5 million. The buyer was 209 East 71 Holder LLC. Handler had owned the home since 1984 and the deal appears to have been off-market.
📊 Residential: In West Chelsea, a sponsor unit at The Cortland at 555 West 22nd Street traded for $5.4 million. The buyer was an LLC managed by David Zussman, the chief financial officer of Related Companies, which developed the building with Mitsui. The three-bedroom pad has three and a half baths across just over 2,300 square feet. The sale works out to about $2,300 per square foot. Core’s Shaun Osher had the listing.
📊 Residential: Andrea Stern dropped $4.3 million on a condo at 45 East 22nd Street, Madison Square Park Tower, in the Flatiron District. The two-bedroom, 1,500-square-foot unit went on sale in October for just under $4.6 million; it last sold in 2017 for $5.5 million. Douglas Elliman’s Kyle Egan had the listing. The seller was 45 East 22 Apartment Associates, LLC.
By the Numbers: Which markets are most affected by Sonder’s liquidation sale?
Sonder, the short-term hospitality operator that recently filed for bankruptcy, is selling off its portfolio of leasehold interests in a slate of properties around the country — and no market will be more affected than New Orleans, Louisiana.
In the Big Easy, 32 of Sonder’s 189 leases, or almost 17 percent, are up for grabs, according to a list of the leases from global asset company Gordon Brothers, which is managing the sale.
Following New Orleans is Nashville, where Sonder has 17 leases. Philadelphia and New York City placed third and fourth, with 14 and 13 leases, respectively.
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