There were 152 transactions totaling $691 million filed in New York City records in the 24 hours before 4 p.m. on Friday, May 15, 2026.
🏆 Commercial: The top commercial real estate transaction to hit records was in Midtown, where Gary Barnett’s Extell Development Company closed on the sale of a development site at 405-407 Park Avenue for about $451 million, according to deeds filed with the city. Sources previously told The Real Deal that the sellers were seeking north of $500 million for the site, and that Extell was also set to acquire air rights from the nearby Central Synagogue. Swedish investor Corem Property Group AB was the seller of 407–417 Park Avenue, and Deutsche Bank’s asset management arm and MRP Realty were the sellers of 405 Park Avenue.
🏆 Residential: The priciest home sale was in Brooklyn Heights, where a newly built, six-story townhouse at 299 Hicks Street changed hands for $13.3 million. The seller was an LLC tied to developer Vadem Brodsky, and the buyer was Blackberry Meadow Holdings LLC. The home has six bedrooms, six and a half bathrooms, a finished basement, a private garden, a rooftop terrace and underground parking for six cars. It first went on the market in September 2024, for just under $18 million. Its most recent asking price was nearly $15 million. Douglas Elliman’s Aran Scott, Anthony Robles, Peter Perez and Susan Lee had the listing.
📊 Commercial: An affiliate of Lightsone Capital acquired seven office condo units at 32 West 39th Street in the Garment District for $14.6 million. The seller was an LLC tied to Montclair, New Jersey-based Trigild. The units measure about 33,600 square feet, pricing the sale at roughly $435 per square foot.
📊 Residential: Also in Brooklyn Heights, Ellen Marrone and Phillip Rosen dropped $8.2 million on a townhouse at 10 Sidney Place. The seller was an LLC tied to Steven K. Chu, who had purchased the residence in the early 1990s. The six-bedroom brownstone went on the market in February for $8.5 million. Serhant’s Ravi Kantha, Cameron LeCates and Nicole Kats represented the seller.
📊 Residential: A trust sold a 2,700-square-foot co-op at 150 Central Park South for $8 million. The buyer was Koruma, Inc. The sale pencils out to more than $2,900 per square foot. The pad has three bedrooms and three and a half bathrooms. It also has a terrace. The residence first went on sale in September for $12.5 million. Douglas Elliman’s Matthew Gulker and Sabrina Saltiel had the listing.
By the Numbers: Residential foreclosures soar in Sun Belt metros
The residential foreclosure rates are accelerating in several key Sun Belt cities, signaling that the wave of homeowners that purchased properties in booming cities may be struggling with affordability increases.
The issue is most apparent in Austin, which had the highest annual foreclosure growth rate in April — nearly 199 percent, according to a TRD Data analysis of foreclosure data of metropolitan statistical areas with at least 1 million residents from research firm Attom. Austin’s rate was the eighth highest of the markets studied, with about 1 in every 2,000 homes having some type of foreclosure filing.
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