There were 185 transactions totaling $559 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, March 31.
🏆 Commercial: The Bronx had the top commercial sale to come online in New York City. Another building in Daryl Hager’s nursing home portfolio sale has hit records, this time at 1160 Teller Avenue, for $102.5 million. The 13-story property spans more than 214,000 square feet. Chuny Herzka’s Emerald Group is purchasing the Centers Healthcare portfolio as part of a $1.7 billion deal.
🏆 Residential: The top home sale to hit records in the Big Apple was in Lenox Hill, where a townhouse at 15 East 63rd Street changed hands for $34.5 million. Once the design studio of Oleg Cassini, the 18,000-square-foot home went on the market more than two years ago, with an asking price of $65 million. The seller was the estate of Peggy Nestor, Cassini’s sister-in-law who had filed for bankruptcy years ago. The home’s last asking price was $39.5 million. Sami Hassoumi with Brown Harris Stevens had the listing. The buyer was an LLC.
📊 Residential: A trust scooped up a townhouse at 132 East 62nd Street in Lenox Hill for $11.1 million. The seller was Nido Limited Partnership. The 7,200-square-foot residence has five bedrooms and was lasking listed for just under $13 million. Corcoran’s James Weiss, Ty Mabry, Alex Grapstein and Spencer Bloch represented the seller.
📊 Residential: Gemma Keating and Barry O’Brien paid $9.5 million for a condo at 408 Greenwich Street. The seller, 408 GST LLC, purchased the pad in 2021 for $6.9 million. The unit measures nearly 3,500 square feet, pricing the sale at about $2,700 per square foot. It has five bedrooms and four and a half bathrooms.
📊 Residential: Gary Barnett’s Extell Development Company sold a sponsor unit at its Upper West Side development at 50 West 66th Street. Amirali and Karin Akhavan paid $9.4 million for a 3,200-square-foot condo. The sale breaks down to about $2,900 per square foot.
📊 Residential: A condo at 30 Crosby Street in Soho traded between two anonymous LLCs for $9 million. The seller had purchased the unit for just under $8 million in 2015. The unit measures more than 4,100 square feet and has three bedrooms and three bathrooms. It went on sale in October with an asking price of $9.3 million. Compass’ Ugo Russino, Jared Schwadron, Nick Gavin and Andrew Detore had the listing.
By the Numbers: REITs outperform in first quarter amid macroeconomic concerns
Real estate investment trusts have emerged as a safer haven for investors as the broader stock market stumbles through volatility
Since January, the FTSE Nareit All Equity REITs index, which covers 132 firms, posted total returns of 2.22 percent for the quarter as of Monday. The performance is fueled by exceptionally strong demand for data centers and health care properties.
Meanwhile, the S&P 500 is down 7.05 percent over the same period, and the Dow Jones Industrial Average is down 5.54 percent.
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