There were 197 transactions totaling $317 million recorded in New York City from 4:00 p.m. on Friday, Oct. 24 through 4:00 p.m. on Monday, Oct. 27, 2025.
🏆 Residential: The Upper East Side had the top home sale recorded in the city on Monday, Oct. 27. A 3,300-square-foot unit at 988 Fifth Avenue traded for about $16.3 million. The seller was 9885th 12 Flats, LLC, which had purchased the unit in 2022 for $14.6 million. The buyer was 988 5th Avenue 12F LLC. Douglas Elliman’s Richard Phan had the listing, which went live in May 2024 at $16.8 million.
🏆 Commercial: The most expensive commercial deal recorded in the Big Apple was in Midtown. ATCO Properties sold a 22-story office tower at 630 Third Avenue for about $66.2 million, a 32 percent drop from what the firm paid to take over the Reuben Brother’s stake in the property in 2022. The new owner is the Davis Companies.
📊 Commerical: In Long Island City, a hotel at 29-13 39th Avenue changed hands for $14.9 million. The buyer was Rialto Capital Advisors. The seller, Long Island City Partners LLC, which is tied to Steven Baharestani, had built the nine-story, 62-key property in 2011.
📊 Commerical: Avdoo Partners & Development shed two plots of land at 419 and 423 Dean Street in Park Slope for $6.7 million. The buyer was a company managed by developer Daniel Kaykov of Poise Property Group. Combined, the lots, which are vacant and zoned for residential use, span more than 5,300 square feet.
📊 Residential: In Gravesend, Rachel and Richard Franco parted with a nearly 2,900-square-foot, single-family home at 2089 East 4th Street for $6.7 million. The purchaser was a company managed by Haim Chera, Vornado Realty Trust’s retail executive. The Francos had owned the residence since the late 1990s.
📊 Residential: Carmela Alcantara Knight, a sleep researcher at Columbia University, and financial advisor Roger Knight dropped $4.8 million on a condo at 245 West 99th Street on the Upper West Side. The sellers were Brendan and Jenifer Garvey, who had owned the pad since 2008, when the couple purchased it for just under $4 million. The four-bedroom residence has a semi-private elevator landing and three and a half baths across roughly 3,000 square feet. The unit went up for sale in June with a listing price of just under $5 million. Brown Harris Stevens’ Lisa Lippman and Scott Moore represented the Garveys, and Louise Phillips Forbes with Brown Harris Stevens Development Marketing brought the buyers.
By the Numbers: New York City’s best neighborhoods for home sale profits in Q3
A Brooklyn neighborhood was the best in the Big Apple for sellers seeking profits in the third quarter.
Sellers in the Crown Heights ZIP code of 11225 generated profits of nearly 188 percent on the median sale. That ZIP also led to sellers getting the second-highest profits by dollar amount, just over $1.3 million.
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