There were 162 transactions totaling $244 million recorded in New York City over the 24 hours before 4:00 p.m. on Friday, Oct. 3.
🏆 Residential: The priciest residential deal recorded in New York City was for a penthouse in the Flatiron District. Chuck Clarvit, retired CEO of Vinci Partners US, and his wife, philanthropist Nancy Clarvit, offloaded their condo at 21 West 20th Street for just under $10 million. The buyer was Ceteris Investments LLC. The full-floor pad measures just over 4,800 square feet; the transaction pencils out to roughly $2,60 per square foot. The Clarvits purchased the unit in 2018 for about $11 million, then put it up for sale two years ago, asking $12.9 million. Brown Harris Stevens’ Bonnie Goldner, Brett Miles and Paige Neuhauser had the listing.
🏆 Commercial: The Garment District notched the top commercial real estate deal recorded in the Big Apple. An affiliate of Torchlight Investors, based in New York, parted with three commercial condos at 445 Fifth Avenue for $21.6 million — just over half of what the firm paid in 2023 for the units, at the time mired in a foreclosure suit. The buyer was an LLC tied to New York-based real estate firm Stream Line Circle. Sitting between 39th and 40th Streets, the Fifth Avenue Tower is a mixed-use building standing 33 stories tall. The commercial condos that sold span a combined 28,305 square feet, pricing them at about $760 per square foot.
📊 Residential: In Carnegie Hill, a co-op at 1175 Park Avenue traded for $9.9 million. The sellers were Richard Hogan and Carron Sherry. The buyer was a trust. The transaction appears to have been off-market. A former listing shows the co-op as having five bedrooms and four full bathrooms.
📊 Residential: William and Leslie Jacques parted with a condo at 565 Broome Street in Hudson Square. The buyer, AIO NYC RE LLC, paid $7.5 million, about $3,300 per square foot, for the 2,200-square-foot unit. The residence has three bedrooms, three and a half baths and curved glass windows. The Jacques purchased it in 2019 for just over $7.7 million.
📊 Residential: Financier Ian Wace and Gioia Bini scooped up a co-op that was once home to Senator Jacob Javits and his wife Marion at 322 East 57th Street in Sutton Place for a hair under $6 million. The seller was film producer Dorothy Berwin, who had owned the unit since 2018, when she purchased it for $4 million. The duplex has four bedrooms, a private elevator landing and a curved staircase.
By the Numbers: Mortgage rates on the up and up — again
After hitting a year-to-date low last month, mortgage rates are on an upward trend again.
The average 30-year, fixed-rate mortgage rate was 6.34 percent for the week ending Thursday, according to FreddieMac’s latest primary mortgage market survey. That’s up 0.04 percentage points from the week before and 0.22 percentage points from the same time last year.
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