There were 232 transactions totaling $1.1 billion recorded in New York City in the 24 hours before 4 p.m. on Tuesday, Jan. 6, 2025.
🏆 Residential: The priciest residential real estate sale recorded in New York City was in Tribeca. A nearly 4,000-square-foot sponsor unit at AORE Holdings’ 85 Worth Street sold for just under $10 million or roughly $2,500 per square foot. The unit has three bedrooms, four bathrooms and original cast iron columns and wood beams. The buyer was DAPM LLC. Douglas Elliman’s John Gomes, Fredrik Eklund, Jacqueline Wilde and Fabio Petrolino had the listing. The unit went on sale in April with an asking price of $10.4 million.
🏆 Commercial: Elmhurst had the top commercial deal recorded in the Big Apple. Barone Management offloaded 45-20 83rd Street for $85 million. The buyer was Friends of the Renaissance Charter Schools, which raises funds for the K-12 Renaissance Charter School and leased the facility in 2021. The school then took over the space’s leasehold. Barone acquired the property and another parcel in 2022 for $22 million.
📊 Commercial: In Flushing, the Woodcrest Rehab & Residential Health Care Center at 119-09 26th Avenue, along the waterfront, traded for $55 million. The seller was an LLC tied to Jack Deutsch, who runs many rehabilitation facilities. The buyer was an LLC linked to Yaakov Sod, who also runs many care facilities. The six-story property measures 76,000 square feet, pricing the deal at roughly $720 per square foot. The seller had acquired the building in 2022 for $31 million.
📊 Commercial: Marchi Realty Corp. and two related entities parted with 247 East 31st Street and 563, 567 and 569 Second Avenue for a total of $38 million. The buyer of the properties, all four stories tall, with apartments and ground-floor retail, was an LLC affiliated with New York-based New Empire Corp.
📊 Residential: On the Upper West Side, Gregory and Jaime Pessin — he is an attorney and she is a writer — scooped up a duplex at the Apthorp at 2211 Broadway for $8.5 million. The seller was Qiao Chu Rachel Bu, who acquired the units in 2014 for $8.8 million. The latest transaction appears to have been off-market.
📊 Residential: A two-family townhouse in Brooklyn Heights changed hands for $8.3 million. The seller of 42 Monroe Place was the Yancey Family, who had owned the home for more than 45 years, and the buyer was an LLC named after the address. The 26.5-foot-wide home has two duplexes with separate entrances. Combined, the property spans over 6,400 square feet. The residence hit the market in March for $9.5 million. Corcoran’s Leslie Marshall and Nick Hovsepian had the listing.
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