There were 173 transactions totaling $292 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, May 5, 2026.
🏆 Commercial: The top commercial real estate transaction to hit records was in Queens, where P & L Associates, LLC offloaded a six-story office building at 42-40 Bell Boulevard in Bayside for $13M. The buyers were two entities tied to Alex Lau. The building, which P & L Associates had owned for decades, spans about 61,600 square feet, pricing the sale at around $210 per square foot.
🏆 Residential: Chelsea was home to the top recorded home sale in the Big Apple, where a townhouse at 349 West 19th Street changed hands for $12.7 million. The seller was an LLC tied to Seth Weissman of real estate firm Urban Standard, which had paid $3.6 million for the property in 2021, and the buyer was Gercon Buyer LLC. The home spans just over 3,800 square feet and has five bedrooms and four and a half bathrooms. Its asking price was $13 million. Leslie J. Garfield’s Matt Lesser and Tori Landon had the listing.
📊 Commercial: In Times Square, a plot of vacant land at 136 West 44th Street sold for $12.6 million. The seller was the Durst Organization, and the buyer was an LLC tied Asaf Dror. The 3,500-square-foot lot last traded in 2012 for $18 million.
📊 Commercial: MKSRBC Realty, LLC parted with a funeral home at 1084 Pacific Street in Crown Heights for $10.6 million. The buyer was an entity linked to developer Joseph Banda. The property spans about 5,100 square feet.
📊 Commercial: A two-story retail property, currently home to the restaurant Pergola, at 36 West 28th Street in Nomad, sold for $10 million. The building measures about 3,200 square feet; the sale works out to roughly $3,100 per square foot. The seller was an LLC tied to Regal Home Collections, which bought the property for $5 million in 2012. The buyer in the latest deal was 36 Owners LLC.
📊 Residential: Deborah Buresh, an investor, and Alfred Jackson parted with a townhouse at 210 East 18th Street, which they had owned for decades, for $9.2 million. The buyer of the Gramercy Park residence was BPMC 210 East 18th Street LLC. The six-bedroom property has been on and off the market since at least 2024, when it was marketed for $12.8 million. Corcoran’s Paul Kolbusz, Stephen Diamond, Sara Gelbard and Carolina Germain had the listing.
📊 Residential: Nathaniel and Laura Kirk — he is managing partner at Everside and she is an executive at Wellington Management — dropped $9.1 million on a condo at Extell Development Group’s 50 West 66th Street on the Upper West Side. The unit spans roughly 3,200 square feet, pricing the sale at about $2,800 per square foot.
By the Numbers: Office vacancy rates dip, but landlords continue to grapple with hybrid work
The beleaguered office sector continues to improve, but recovery remains uneven.
The national vacancy rate for office properties came in at 17.8 percent in March, down 210 basis points year over year, according to a report from research firm Yardi Matrix. Of the top 25 markets in the country, 18 posted yearly declines in their vacancy rates.
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