There were 137 transactions totaling $820 million recorded in New York City over the past 24 hours before 4:00 p.m. on Friday, Oct. 10.
🏆 Residential: The top home sale recorded in New York City was in Carnegie Hill. Brian and Cayla Davis shed a co-op at 1220 Park Avenue for just under $5.5 million, the asking price. The buyers were Willard Boothby, an attorney, and Alice Haven Thompson, an executive recruiter. The 3,200-square-foot, four-bedroom pad went on the market in June with Brown Harris Stevens’ Amanda Brainerd and Gerard Ryan. The transaction works out to roughly $1,700 per square foot.
🏆 Commercial: The top commercial transaction recorded in the city was in Midtown, as the sale of the Americas Tower, a 47-story skyscraper at 1177 Avenue of the Americas, posted to records. Norges Bank Investment Management and Beacon Capital Partners acquired the building for $572 million from Silverstein Properties and the California State Teachers’ Retirement System. The sellers announced the transaction last month. The office building spans 1 million square feet, pricing the deal at $572 per square foot. An Eastdil Secured team including Gary Phillips, Will Silverman and Sarah Lagosh brokered the sale.
📊 Commercial: In Boerum Hill, a townhouse sold for $5.7 million. Sellers Ruth Schulder, who ran a marketing agency, and real estate agent Forrest Zlochiver purchased the three-family home, consisting of an owner’s triplex and two, one-bedroom rental units, in 2013 for $2.8 million. The buyers were neurosurgeon Dr. Erez Nossek and Sharon Berger. The townhouse went up for sale in June with Compass’ Tamara Abir and Noah Plener. The asking price was $5.3 million.
📊 Commercial: An LLC tied to Angela and Joseph Ruggiero parted with a four-family home at 29 Second Place in Carroll Gardens. The buyer, an LLC linked to Carrie Dionisio, paid $5.5 million for the 4,800-square-foot properties. Angela Ruggiero purchased the property in 2012 for $2.1 million.
📊 Commercial: An 83-unit apartment building at 10 Rutgers Street in Two Bridges traded for $56.3 million. The buyer was an LLC tied to Tokyu Land U.S. Corp. Acquisitions, and the seller was an LLC linked to AMAC, which acquired the property in 2018 for $59 million. AMAC, led by Maurice Kaufman, still appears to have some connection to the buying entity, as it is on a $30.9 million mortgage document related to the transaction.
📊 Residential: Robert Mitchell Theiss, an investment banker, parted with a co-op at 119 Waverly Place in Greenwich Village for $5.1 million. The buyers were Christine and Mark Fisher. The duplex has four bedrooms and a private rooftop deck. It went on the market in March for $5.8 million. Elegran’s Eileen McGill, Christian Rogers and Matthew Wojnarowicz had the listing.
By the Numbers: Supply glut drags down U.S. rents in September
For U.S. apartments, it’s a tale of two markets.
The average asking rent across the country fell by $6 last month to reach $1,750 at the end of September, the sharpest monthly decline since November 2022, according to a report by Yardi Matrix released Tuesday.
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