There were 165 transactions totaling $295 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, May 7, 2026.
🏆 Commercial: The top commercial real estate transaction to hit records was in Elmhurst, where an industrial building at 72-02 51st Avenue traded for $9.9 million. The sellers were Ciro and Paul Salvia, who had owned the property for nearly 30 years. The buyer was an LLC tied to Nilin Zhang. The building spans 20,700 square feet, pricing the sale at about $480 per square foot.
🏆 Residential: The priciest home sale was in Greenwich Village, where Madison Realty Capital and City Urban Realty sold a sponsor unit at 16 Fifth Avenue for just under $10 million. The unit spans 3,700 square feet, pricing the sale at roughly $2,700 per square foot. The condo has three bedrooms and three and a half bathrooms. Its asking price was $10.3 million. Corcoran’s Ryan Kaplan and Tara King-Brown had the listing. The buyer was FYMIYWF LLC.
📊 Residential: A trust tied to Philip J. Shapiro, chairman at Liberty Maritime Corporation, parted with a co-op at 535 Park Avenue in Lenox Hill for $8.5 million. The buyers were investor Barry Feirstein and Julienne Kuttel. The unit, which last sold in 2009 for $3.7 million, has two bedrooms and two and a half bathrooms, according to a prior listing for the residence.
📊 Residential: Mike Shebat dropped $5.4 million on a co-op at 644 Broadway in Noho. The seller was Jeffrey Kwatinetz, who purchased the unit in 2011 for $3.8 million. The co-op measures 3,400 square feet; the deal works out to roughly $1,600 per square foot. It has two bedrooms and two and a half bathrooms.
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