There were 153 transactions totaling $303 million filed in New York City records in the 24 hours before 4 p.m. on Monday, Feb. 23, 2026.
🏆 Residential: The top home sale to hit records was in the Upper West Side. James and Kara Cross shed a co-op at 885 West End Avenue for $5.5 million. The buyers were Curt and Susan Andersson. The pre-war unit has four to six bedrooms and was recently renovated. Danielle Wiedemann with Sotheby’s International Realty had the listing. The unit has been on and off the market since at least 2022, when its asking price was $6.5 million.
🏆 Commercial: The top commercial deal to be recorded was $49.2 million for three Manhattan multifamily properties: a six-story, 33-apartment complex at 280 Mulberry Street; a six-story, 40-unit building at 448 West 19th Street; and a four-story, eight-unit property at 446 West 19th Street. The buyer was JP Real Estate Group. The sellers of the 19th Street properties were affiliates of Icon Realty Management and the seller of the Mulberry Street property was an LLC tied to Ben Benedetto Kahlun.
📊 Commercial: Affiliates of EPR Properties, based in Kansas City, Missouri, purchased three commercial spaces spanning more than 52,000 square feet at 180 Broome Street, the Artisan at Essex Crossing, in the Lower East Side for $34 million. The Artisan is a mixed-use building with 263 apartments — 121 of which are affordable — and commercial space. It’s part of the Essex Crossing megadevelopment from L+M Development Partners, Taconic Investment Partners, BFC Partners and The Prusik Group.
📊 Commercial: In Soho, Premier Equities sold a commercial condo at 70 Greene Street a mixed-use condo building, for $17 million. The buyer was an affiliate of West Palm Beach-based TZ Capital. Premier had owned the 3,300-square-foot unit since 2012, when the firm purchased it for $4.1 million. The latest sale pencils out to about $5,200 per square foot.
📊 Residential: Salim Mawani and Ran Xie-Mawani purchased a co-op at 32 West 20th Street in the Flatiron District for $4.5 million. The sellers were Guillaume and Sonya Auvray who paid $5.4 million for the co-op in 2018. The three-bedroom pad measures about 4,000 square feet; the latest sale works out to about $1,100 per square foot. Compass’ Clayton Orrigo and Stephen Ferrara had the listing.
By the Numbers: NYC sponsor condo sales settle into new normal
Sponsor sales at newly built condominiums stabilized at $8.3 billion last year, as the breakneck momentum of the post-pandemic boom has officially cooled into a new normal.
In 2025, sponsor sales edged down by roughly 1.6 percent percent year over year to reach about $8.3 billion, according to an analysis of New York City records by TRD Data. That drop was double that of the year before, which had recorded a 0.8 percent year-over-year decline in sales.
The recent decline in sponsor sales follows a stand-out 2022, when more than a third of the sponsor condo sales inked over the past four years occurred. In 2023, deal volume plunged by 41.5 percent.
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