There were 203 transactions totaling $412 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, June 24.
🏆 Commercial: The biggest commercial sale to hit records was in Whitestone at 157-15 19th Avenue for about $58.18 million. The sale included the 47,000 square foot building and the adjacent parking lot. The seller was Clearview Land LLC, linked to the Grand Healthcare System. The buyer was a group of companies tied to Mark Friedman. The property currently serves as a nursing home facility.
🏆 Residential: The top residential sale was for a penthouse at 875 Fifth Avenue on the Upper East Side that sold for $33.5 million. The seller was a trust tied to late talk-show host Phil Donahue and his wife, Marlo Thomas. The buyer was a trust. The co-op is a duplex.
📊Residential: In Greenwich Village, a townhouse sold for $10.3 million at 112 West 13th Street. The seller was 112 West 13th Street LLC; the buyer was MNYC Studio Collective LLC. With three bedrooms and five baths, the home measures nearly 4,300 square feet. That comes out to about $2,400 per square foot. The property last sold in 2015 for $9.5 million. Douglas Elliman’s Abigail Agranat and Andrew Darwin had the listing, and Vicki Zhi Saali with Town Residential brought the buyer.
📊Residential: In Cobble Hill, a townhouse sold for $9.8 million at 96 Amity Street. Amity Fiddlehead LLC, tied to law school professor Cynthia Godsoe, was the seller. The buyer was 96 Amity LLC, linked to developer Carlos Saavedra. The home has four bedrooms with four and a half bathrooms. It last sold in 2019 for $8.6 million. Ravi Kantha, Cameron LeCates and Nicole Katz with Serhant had the listing.
📊 Commercial: An office building in Long Island City at 33-02 Skillman Avenue sold for $18 million. The building spans about 89,300 square feet with six floors. An affiliate of First Pioneer Properties sold the office to Skillman 3302 LLC. Victor Sozio, Alexander Taic, Michael Tortorisi, and Shimon Shkury with Ariel Property Advisors had the listing.
By the Numbers: Investors pull back from housing market as political, economic pressures mount
Investors are buying fewer and fewer homes as they contend with big-picture problems from challenging weather conditions to political pushback.
In the first quarter, investors bought just over 236,000 homes across the country, a nearly 23 percent year-over-year drop, according to an analysis by CJ Patrick Company using data provided by BatchData.
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