There were 222 transactions totaling $717 million recorded in New York City in the 24 hours before 4 p.m. on Wednesday, Jan. 14, 2026.
🏆Residential: The top home sale to hit records in the Big Apple was in Midtown, where a condo at 171 West 57th Street changed hands for $5.8 million. Blue Icarus LLC had bought the pad for 3.3 million in 2020; the unit’s new owner is Tomco Holdings LLC. The four-bedroom condo measures 2,800 square feet. The deal works out to roughly $2,100 per square foot. The seller had first put the unit on the market in 2024, and its most recent asking price was $6 million. R New York’s Alexander Glibbery represented the seller.
🏆Commercial: The top commercial real estate deal to hit records was in Queens. An affiliate of Blackstone known as Perform Properties offloaded a mixed-use complex known as the SkyView Parc in Flushing for $424.4 million. The buyer was an LLC tied to alternative asset manager TPG. Blackstone acquired the complex, which has a mall called the Shops at SkyView at 40-24 College Point Boulevard and condominiums at 40-22 College Point Boulevard, in 2015 for about $407.4 million. The mall’s tenants include: Target, Adidas and Old Navy.
📊Commercial: New York-based Lexin Capital’s sale of a Financial District development site comprised of several vacant lots at 75-83 Nassau Street hit records. Full Time Management and Montgomery Street Partners acquired the parcels, which are eligible for the lapsed 421a tax abatement program, for $53 million. The buyers plan to construct a mixed-use complex at the site, a 13,000-square-foot lot that is zoned for residential and commercial use. A JLL team including Andrew Scandalios, Ethan Stanton and Jonathan Hageman brokered the transaction. Lexin acquired the lots in 2014 for $46 million.
📊Commercial: In Crown Heights, a multifamily complex at 596 Grand Avenue traded for $12.3 million. The seller was an affiliate of Avanath Capital, which is headquartered in Irvine, California. The buyers were companies tied to Great Neck, New York-based ABJ Properties and Englewood, New Jersey-based KABR Group. The complex has 52 apartments and measures almost 56,400 square feet, pricing the deal at roughly $220 per square foot.
📊Residential: Ruben Flores and Kim Sprague snapped up a sponsor unit at the Waldorf Astoria Residences, developed by Dajia US, at 301 Park Avenue for $5.6 million. The two-bedroom unit spans about 1,700 square feet; the deal works out to about $3,300 per square foot. Its asking price was just under $6 million. Douglas Elliman’s Loretta Shanahan, Kai Wong and Jade Chan had the listing.
By the Numbers: These were the most expensive neighborhoods in Manhattan in 2025
The high points in Manhattan’s home sale market last year included several eight-figure trophy sales and falling mortgage rates, which helped to drive sales on the lower end of the pricing spectrum.
As a result, the borough’s sales volume, both by average dollar amount and total transactions, improved in 2025 from the previous year, according to an analysis of residential data by The Real Deal. The number of deals that crossed the finish line came in at more than 13,300 last year, up about 13 percent year over year. And the average sale price was $2.2 million in 2025, an increase of about 4.4 percent from the previous year.
The Plaza District held on to its title as the neighborhood with the highest average home sale in 2025, at more than $5.7 million. However, this figure is 4 percent lower than 2024’s winning average of nearly $6 million. There were also fewer sales last year, 142, compared to 174 in 2024.
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.