There were 148 transactions totaling $230 million recorded in New York City before 4:00 p.m. on Monday, Oct. 20.
🏆 Residential: The top home sale recorded in New York City on Monday, Oct. 20 was in the West Village. Film director Tanya Wexler parted with a townhouse at 83 Jane Street for $14.6 million. The buyer was an LLC named after the property’s address. Wexler, who purchased the residence in 1999, put the five-story property on the market in May 2024 for $17.5 million. The townhouse has an elevator, roof deck, 2,000 square feet of outdoor space and five bedrooms. Compass’ Stephen Ferrara and Clayton Orrigo had the listing.
🏆 Commercial: An LLC tied to Acadia Realty Trust offloaded a retail and office condo at 1035 Third Avenue, between 61st and 62nd Streets in Lenox Hill, for $22 million. The buyer was an LLC linked to Albert Rabizadeh of Global Asset Management LLC. The 30-story-tall building is mixed-use, with 113 apartments in addition to commercial space. In 2015, Acada paid $29 million for the two units and another $22 million for a parking garage there. The first-floor retail unit measures about 7,800 square feet, and the office space covers about 12,800 square feet across floors one and two.
📊 Residential: Stephen Orlins, president of the National Committee on U.S.-China Relations, and Jiaying Jiang dropped $7.9 million on a sponsor unit at 15 Hudson Yards, which was developed by Related Companies and Oxford Properties Group. The unit, when it first hit the market almost a decade ago, had an initial asking price of $11.9 million, but its most recent asking price was just under $8.5 million. The four-bedroom pad spans just over 3,000 square feet, pricing the deal at about $2,600 per square foot. Corcoran’s Hottinger Team and Arsic Lau Team had the listing.
📊 Residential: In the West Village, about a block from the Whitney Museum of American Art, a townhouse at 80 Horatio Street, which at one point appeared to be an apartment building, changed hands for $10.3 million. The seller was 80 Horatio St. Corp., whose president and CEO is Patrick Monahan; the company had owned the property since at least the late 1970s. The buyer was an LLC tied to Maurice Regan, founder and CEO of construction firm J.T. Magen & Company. Brown Harris Stevens’ Amy Herman and Kyle Cooper had the listing.
📊 Residential: Also in the West Village, journalist David Muir shed his townhouse at 256 West 4th Street for $6.9 million. The buyer was 256 W 4th LLC. Muir purchased the home via an LLC in 2013 for $4.2 million. The four-story residence dates to 1877 and has three bedrooms and three bathrooms. The property went on the market in April for $7.5 million. Compass’ Henry Hershkowitz, Britt Blaxton, Christine Rocchio, Anthony Lucia and Jonathan Meiselman had the listing.
📊 Residential: An LLC linked to Jeremy Lo Yi Yun scooped up a sponsor unit at The Centrale at 138 East 50th Street in Turtle Bay for $6.4 million. The three-bedroom unit spans about 2,800 square feet. The transaction pencils out to roughly $2,300 per square foot. The unit went on sale in June 2024, with an initial listing price of $7.9 million. Douglas Elliman’s Bertrand Buchin, Joan Swift, Glenn Davis and Connor Cuccinelli had the listing. The developer of the property is Ceruzzi Properties and SMI USA.
By the Numbers: Ciattarelli receives lion’s share of real estate’s donations in NJ gov race
With less than three weeks to go to the New Jersey gubernatorial election, the real estate industry has a resounding favorite: Republican nominee Jack Ciattarelli.
The industry poured about $1.3 million into the candidate’s coffers through individual contributions, or more than double what it gave to Democratic nominee Mikie Sherrill, whose total came in at a comparatively paltry $567,000.
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