There were 187 transactions totaling $271 million filed in New York City records in the 24 hours before Thursday, May 21.
🏆 Commercial: The priciest commercial deal to hit records was in the Garment District, where a 10,300-square-foot, vacant commercial building at 28 West 37th Street traded for $18 million or about $1,800 per square foot. The buyer was Sioni Group, which plans to build a 32-story, mixed-use property on the site, according to Crain’s. The seller was an LLC tied to Leandro Vaysman, CEO at Sylvan Parking Corp.
🏆 Residential: The top home sale was on the Upper East Side, where a condo and storage unit at 1049 Fifth Avenue changed hands for $12.8 million. The seller was Wheels 1049 Fifth LLC, which purchased the 2,800-square-foot unit in 2018 for $11.8 million. The buyer was Callisto Properties LLC. The condo has three bedrooms, three and a half bathrooms and two landscaped terraces; the latest sale works out to about $4,600 per square foot. Donna Olshan with Olshan Realty had the listing. The unit’s most recent asking price was $13.5 million.
📊 Residential: A trust tied to Kimberly Anne Liggett parted with a penthouse at 75 Kenmare Street in Nolita for $5.8 million. The trust had owned the unit since 2015, when it paid just under $6 million. The buyers in the latest deal were Scott and Claudia Linstone. The condo spans about 1,900 square feet and has two bedrooms and two bathrooms. It also has a nearly 700-square-foot terrace. The deal pencils out to more than $3,100 per square foot.
📊 Residential: Nick Advani sold a 2,100-square-foot, three-bedroom duplex condo at 92 Greene Street in Soho for $4.7 million. The buyer was a trust tied to Armin and Safoora Zerza. Advani had purchased the unit in 2007 for $3.4 million. The unit went on the market with Coldwell Banker Warburg’s Bill Kowalczuk, Guy Hobson and Jane Katz in February with an asking price of $4.5 million.
By the Numbers: New York’s proposed all-cash luxury home tax would hit these neighborhoods hardest
New York state legislators are weighing a tax on all-cash properties of home purchases of over $1 million in the Big Apple — but where would such a levy have the greatest impact?
Unsurprisingly, the city’s wealthiest enclaves — Lincoln Square, Chelsea and the Upper West Side — had the highest number of $1 million-plus, all-cash home sales in New York in 2025, according to a TRD Data analysis of residential deeds recorded in the city from January 2023 through May 2026.
In general, all-cash purchases have been on the rise over the past couple of years, particularly as borrowing costs have also risen. From 2023 to 2025, the number of all-cash home sales over $1 million climbed by 15 percent to about 4,500 deals, according to the TRD Data analysis. So far this year, there have been 1,530 such sales.
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