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NYC’s top deals: Extell offloads $56M pad at 50 W. 66th

TRD reports top transactions for Monday, Jan. 12, 2025

Extell's Gary Barnett and 50 West 66th Street

There were 177 transactions totaling $386 million recorded in New York City from 4 p.m. on Friday, Jan. 9 through 4 p.m. on Monday, Jan. 12, 2026.

🏆 Residential: The priciest residential real estate sale recorded in New York City was at 50 West 66th Street, developed by Gary Barnett’s Extell Development Company, on the Upper West Side. Maple Height Residence LLC purchased a 6,900-square-foot unit for $55.6 million, or just under $8,000 per square foot. The pad has five bedrooms, five full bathrooms and two half-baths.

🏆 Commercial: The most expensive commercial real estate transaction to hit records was in Soho. A Blackstone affiliate offloaded 63 Crosby Street for $53 million in an all-cash deal. The buyer was Vertex. The property stands five stories tall and measures 32,400 square feet; the deal pencils out to roughly $1,600 per square foot. A Newmark team led by Adam Spies brokered the transaction. Blackstone purchased the property in November 2024 for $54.5 million.

📊 Residential: A condo at Vlad Doronin’s luxury hotel-condo conversion at 730 Fifth Avenue, the Aman New York, changed hands for $24.5 million or about $7,100 per square foot. The seller was an LLC registered to a Budapest address and the buyer was an LLC registered to an address in Switzerland. The 3,700-square-foot pad went on the market in September 2024 for just under $40 million; The seller had purchased it for $35 million in 2022. Corcoran’s Connor Cuccinelli and Noble Black represented the seller. 

📊 Residential: Fazal and Shama Rahman paid $7 million for a four-bedroom sponsor unit at Related Companies and Oxford Properties Group’s 35 Hudson Yards. The unit spans roughly 3,400 square feet, pricing the deal at around $2,100 per square foot. It went on sale in April with an asking price of just over $8.9 million. Corcoran’s Hottinger Team and The Arsic Lau Team are marketing the development.

📊 Residential: SSJS Hudson Partners, LLC dropped $6.2 million on a 2,200-square-foot sponsor unit at 500 West 18th Street in Chelsea. The transaction comes out to roughly $2,900 per square foot. The developers of the property, known as One High Line, are The Witkoff Group and Access Industries. The three-bedroom unit’s initial asking price, in 2022, was $6.3 million, which was raised to about $6.5 million in 2024. Corcoran’s Deborah Kern and Steven Gold had the listing.

📊 Residential: Naftali Group sold a sponsor unit at its Upper West Side development known as The Henry at 211 West 84th Street for $5.8 million — above ask. The buyer of the three-bedroom, 2,300-square-foot pad was JWB 211 West 84th LLC. Compass’ Alexa Lambert, Alison Black and Lib Goss had the listing, which went live in October 2024 for $5.7 million.

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