There were 209 transactions totaling $365 million recorded in New York City in the 24 hours before 4 p.m. on Friday, Nov. 14, 2025.
🏆 Residential: The top residential transaction recorded in New York City was in Nomad. A trust dropped $9.6 million on a penthouse at 30 East 29th Street. The seller, KFO Property NYC GMBH, had owned the condo since 2023, when the entity purchased the pad for $12.7 million. The unit, a duplex, spans 2,600 square feet and has three bedrooms and three bathrooms. It also has two fireplaces and more than 600 square feet of outdoor space. The seller put the residence on the market in February 2024, seeking $13.2 million.
🏆 Commercial: Flushing had the priciest recorded commercial transaction in the Big Apple, with the sale of what appears to be part of a mixed-use complex at 131-02 40th Road for $32 million. The seller was Jade Century Properties and the buyer was Tetra Enclosure.
📊 Commercial: In Bay Ridge, a former Century 21 store and parking garage spanning nearly 187,000 square feet at 423 88th Street sold for $28 million. The seller was the real estate arm of the Gindi family, which founded the discount retailer. The buyer was the Abed family. A JLL Capital Markets team of Ethan Stanton, Jeffrey Julien, Brendan Maddigan and Michael Mazzara represented the seller, and Specialized Realty Group’s Michael Feratovic represented the buyer.
📊 Residential: On the Upper East Side, Isis and Christopher Louw — he is a financier — dropped $9.4 million on a full-floor sponsor unit at 201 East 74th Street, which was developed by Elad Group. The 3,800-square-foot unit has five bedrooms and four and a half bathrooms. Its most recent asking price was just under $10 million. Douglas Elliman’s Barbara Russo, Danielle Englebardt, Elena Sarkissian and Christopher Salierno had the listing.
📊 Residential: Developer Stephen Ross sold his condo at Superior Ink at 400 West 12th Street for $6.6 million. Ross is the founder of Related Companies, which developed the West Village building in the early 2000s. He was seeking just under $7 million for the 1,900-square-foot pad. Compass’ Stephen Ferrara and Clayton Orrigo had the listing for the two-bedroom unit.
By the Numbers: FARE Act’s first year — which borough saw the greatest rent spike?
In the year since the New York City Council adopted legislation that altered how brokers got paid, one borough stood out with the starkest change in rent.
Adopted on Nov. 13, 2024, the Fairness in Apartment Rental Expenses (FARE) Act mandates that whoever hires a rental broker is responsible for paying the broker. Opponents of the legislation predicted it would trigger rents to increase as landlords worked to fold these fees into rents.
Citywide, the median rent grew by 8.2 percent in October compared to the same time last year, and the median rent in each borough also increased, according to an analysis by The Real Deal of rental data from listings platform StreetEasy.
But Staten Island’s median rent grew the most, surging by 16.4 percent year over year in October to $3,200 a month, per TRD’s analysis.
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