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NYC’s top deals: Gindi picks up Downtown BK office for $40M

TRD reports top transactions for Wednesday, April 8, 2026

Eli Gindi with 25 Elm Place

There were 172 transactions totaling $360 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, April 8, 2026.

🏆 Commercial: The priciest commercial real estate sale to hit records was in Downtown Brooklyn, where a 163,000-square-foot, six-story-tall office building at 25 Elm Place traded for $40 million. The seller was an LLC tied to Pimco Prime Real Estate, and the buyer was an affiliate of Gindi Capital. The deal breaks down to roughly $245 per square foot.

🏆 Residential: A penthouse at 215 Chrystie Street on the Lower East Side represented the most expensive home sale recorded in the Big Apple. A trust dropped $14.5 million on the more than 4,200-square-foot pad, which previously sold for $16 million in 2017. The seller was 888 Chrystie, LLC. The latest deal works out to about $3,500 per square foot. The condo has four bedrooms, four and a half bathrooms and a custom-built fireplace. Compass’ Clayton Orrigo and Stephen Ferrara had the listing.

📊 Commercial: In Manhattan Valley, four adjacent multifamily properties at 471, 472, 473 and 475 Central Park West changed hands for $33.6 million. The seller was an entity tied to New York-based T30 Capital. The buyer was Bando Geny 4 LLC. The latest sale price is about half of the properties’ prior value. They last sold a decade ago for $65 million. Combined, the buildings comprise 165 units.

📊 Commercial: RXR and Hudson Bay Capital offloaded a commercial condo at office building 620 Avenue of the Americas in the Flatiron District. The Building Services 32BJ Health Fund purchased the unit for about $22.1 million. The space covers about 4,500 square feet on the mezzanine level and another 14,400 square feet on the ground floor.

📊 Residential: Zaahid Khan, a partner at Tiger Global Management, dropped just under $6 million on a sponsor unit at 520 Fifth Avenue in Midtown. The three-bedroom residence measures about 2,200 square feet, pricing the sale at nearly $2,800 per square foot, which was the unit’s most recent asking price. Corcoran is handling sales at the property, which was developed by Rabina.

By the Numbers: These were the top NYC neighborhoods for home sales last year

New York City saw a slate of eye-popping home sales in 2025, but one neighborhood took the cake for having the priciest deals in the Big Apple.

Central Park South, home to many Billionaires’ Row skyscrapers, took the crown as the neighborhood with the highest median sale price in 2025.

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