There were 276 transactions totaling $657 million recorded in New York City over the 24 hours before 4:00 p.m. on Friday, Sept. 19.
🏆 Residential: Greenwich saw the top residential deal recorded in New York City. Financier Roberto Redondo sold a co-op at 30 East 10th Street for $5.9 million to Brett and Mallory Weinberg. Brett Weinberg founded an advertising firm and Mallory Weinberg is a communications executive. The three-bedroom duplex spans about 3,200 square feet, pricing the deal at roughly $1,800 per square foot. The unit went on the market in March with an asking price of $6.5 million. Core’s Emily Beare, Beth Doud and Lexi Alper had the listing.
🏆 Commercial: The top commercial real estate transaction recorded in the Big Apple was in Tribeca. Bonjour Capital offloaded a development site at 358 Broadway for $47.5 million. The purchaser was Simon Dushinsky’s Rabsky Group, which earlier this year dropped almost $58 million on a neighboring lot at 360 Broadway, or 65 Franklin Street. Rabsky recently secured $320 million in construction financing from G4 Capital Partners for its development, a 280,000-square-foot condo project.
📊 Commercial: In the Concourse section of the Bronx, the Bowery Residents’ Committee paid $33.1 million to purchase three apartment complexes at 1097 and 1177 Walton Avenue and 1245 Findlay Avenue. The seller was the Neighborhood Renewal Housing Development Fund Corp., which purchased the buildings in 2021 for $30 million. The three buildings have 187 units combined.
📊 Commercial: For $30.5 million, an apartment complex at 151 Kent Avenue in Williamsburg changed hands. The seller was an affiliate of DLJ Real Estate Capital Partners and the buyer was an LLC. The three-story building has 50 apartments and was last sold in 2019 for $41.3 million.
📊 Commercial: In the Lower East Side, a nearly 22,000-square-foot mixed-use building at 135 Eldridge Street traded for $13.5 million. The buyer was an affiliate of Bedford Management Company. The seller, an LLC tied to R.A. Cohen & Associates, bought the property in 2014 for $11 million. The six-story building has 28 apartments.
📊 Residential: Emmanuel Yapo, co-founder of Modern Aviation, dropped $7.2 million on a penthouse at 48 Lispenard Street, which had a listing price of just under $8 million. The duplex has four bedrooms and four and a half baths across 4,200 square feet. Corcoran’s Kane Manera and Hilary Landis represented the seller, an LLC.
📊 Residential: Emma and Christopher Neath sold a townhouse at 59 Cheever Place in Cobble Hill to Maggie and Jack Serrino for $6.9 million. The property has five bedrooms, a backyard and an in-law suite. The Neaths put it on the market in April for $7.3 million. Compass’ Julia Silver Gordon, Ivy Kramp and Jenna Amicucci-DeChristopher were the sellers’ agents.
📊 Residential: Dr. Paul Stelzer, a heart surgeon, and Mary Delle Stelzer, an educator, shed a penthouse at the Richmond Condominium at 201 East 80th Street in Yorkville for $5.3 million. The three-bedroom condo measures just over 3,500 square feet. The transaction pencils out to about $1,500 per square foot. Brown Harris Stevens’ Ari Harkov, Jordan Crystal and Warner Lewis had the listing, which went live in June for just under $6 million. The buyer was an LLC.
By the Numbers: Where have mortgage rates fallen the most?
The anticipation of a cut — Fed Chair Jerome Powell had hinted at one in August — led every state’s average rate to drop over the past two months, with one state — Missouri — emerging as the clear winner.
Missouri’s average rate fell the most in the country during this time frame, by 5.05 percent, to 6.58 percent, a figure shared with South Dakota, Nebraska, Idaho, Washington and Indiana. The Real Deal analyzed average daily interest rates, sourced from Investopedia, for a 30-year loan as of July 14 and Thursday, the day after the Fed meeting.
The state with the highest average borrowing cost, of 6.7 percent, on Thursday was Hawaii. The states with the lowest were New York and North Carolina, which each notched an average rate of 6.5 percent.
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