There were 154 transactions totaling $295 million filed in New York City records from 4 p.m. on Friday, March 13 through 4 p.m. on Monday, March 16.
🏆 Residential: Gary Barnett’s Extell Development Company had the priciest residential sale recorded in New York City. The firm sold a sponsor unit at its Central Park Tower at 217 West 57th Street along Billionaires’ Row for $24.5 million. The buyer was Three Great Kids LLC, tied to a Montville, New Jersey address. The unit spans nearly 4,300 square feet and has four bedrooms and four and a half bathrooms. It has been on and off the market since 2019, when its asking price was $33.4 million. The sale pencils out to about $5,700 per square foot. Extell and Corcoran are handling sales at the development.
🏆 Commercial: The most expensive commercial real estate sale to hit records was for the Hilton Garden Inn Tribeca at 39 Sixth Avenue, which sold for $49.2 million. The seller was an affiliate of Hersha Hospitality Trust, which acquired the property from AT&T in 2000, and the buyer was Singapore-based AMTD Hotels Group (USA) LLC. Another AMTD affiliate loaned $58.6 million in financing for the deal.
📊 Commercial: Two mixed-use properties at 226 and 400 Seventh Avenue in Park Slope sold for $11.2 million. They had last traded for $6.4 million in 2015. In the latest transaction, the sellers were companies tied to New York-based BlackBear Asset Management, led by Arthur Bellini. The buyers were LLCs linked to Salvatore Hoo. Both properties stand four stories tall and have six apartments each with ground-floor commercial space.
📊 Residential: In Chelsea, a sponsor unit at Witkoff and Access Industries’ One Highline at 500 West 18th Street traded for $10.7 million. The buyer was an LLC managed by John Gehr. The condo, which first went on sale in December 2024 for $10.5 million, measures more than 2,600 square feet and has three bedrooms and three and a half baths. The deal works out to roughly $4,100 per square foot. Corcroan’s Deborah Kern and Steve Gold are leading sales at the property.
📊 Residential: A trust paid just under $10 million for a townhouse at 53 West 85th Street in the Upper West Side. The Queen Anne-style home stands four stories tall and spans about 6,100 square feet. It has five bedrooms and six and a half bathrooms. The seller was an LLC managed by Dana Lowey Luttway, founder of Holliswood Development, that had paid about $7.1 million for the home in 2015.
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