There were 215 transactions totaling $343 million recorded in New York City over the prior 24 hours before 4:00 p.m. on Friday, Oct. 24.
🏆 Residential: A townhouse at 10 East 67th Street known as the Jules Bache Mansion in Lenox Hill sold for $36 million, marking the top residential sale recorded in the city. The seller was an LLC tied to hedge fund manager Joseph DiMenna. Dating to 1881, the Gilded Age mansion stands seven stories tall and spans 13,000 square feet. The buyer was an LLC. The mansion has seven bedrooms, 13 bathrooms, an elevator, seven wood-burning fireplaces and a 1,700-square-foot rooftop deck. The residence hit the market in 2024 for $50 million, then was relisted for just under $45 million in March. Serhant’s Melissa Post and Ryan Serhant had the listing.
🏆 Commercial: South Williamsburg recorded the priciest commercial real estate transaction recorded in the city. An LLC tied to Michael Weitzman’s Double U Development, based in Brooklyn, offloaded what appears to be a development site at 96 South Ninth Street, which at the moment is home to a church, for $6.1 million. The buyer was Golden Cedar Realty LLC. The site previously traded in 2022 for $14.1 million.
📊 Residential: Dinakar Singh, the CEO of Axon Capital, purchased a sponsor unit at 50 United Nations Plaza, which was developed by Zeckendorf Development and Global Holdings Inc. Residences, for $14.3 million. The five-bedroom unit has six and a half bathrooms and spans about 5,900 square feet. The unit first hit the market in 2019 with an asking price of $18.7 million. Zeckendorf Marketing is handling sales at the property.
📊 Residential: The sale of real estate mogul Barbara Corcoran’s penthouse at 1158 Fifth Avenue in Carnegie Hill hit records. Corcoran sold the co-op to a trust for $13.5 million. The 11-room duplex also has a space for staff and a terrace. Corcoran’s Scott Stewart, Carrie Chiang and Andres Perea-Garzon had the listing, which went live in May for $12 million.
📊 Residential: The estate of Emily Fisher Landau, an art patron who was the wife of developer Martin Fisher and who died in 2023, sold her co-op at 720 Park Avenue in Lenox Hill for $13.3 million. The buyer was Hayden Slater, co-founder of Pressed Juicery. The unit went on the market in 2023 for $18 million; its most recent asking price was $15 million. The 11-room pad has a 700-square-foot terrace, a private elevator landing and a staff wing. Brown Harris Stevens’ John Burger and Caroline Berthet had the listing.
📊 Residential: In the West Village, a condo at 299 West 12th Street changed hands for $6.5 million, its asking price. The buyers were David Held and Lisa Fisher. The seller was actor Danny Strong, who paid $1.4 million for the unit in 2011. The two-bedroom residence has three bathrooms and spans about 1,700 square feet. Strong listed it for sale in May.
By the Numbers: Homebuilder confidence is growing, but will it last?
What does today’s housing market have in common with May 2020 and August 2012?
The answer is a lackluster Housing Market Index of 37.
The HMI’s October reading of 37 was five points higher than September’s — a welcome boost from the previous four months of persistent readings in the low 30s. Still, the index is down six points annually, according to the data released earlier this month.
The long-running monthly index, published by the National Association of Home Builders (NAHB) and Wells Fargo, indicates how much confidence builders have in the single-family housing market as measured on a scale of zero to 100. Anything below 50 means most builders have a glass-half-empty outlook.
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.
