There were 265 transactions totaling $780 million recorded in New York City from the evening of Friday, Oct. 3 until before 4:00 p.m. on Monday, Oct. 6.
🏆 Residential: Two Billionaires’ Row resales marked the top recorded residential sales in New York City — and maybe there’s another duplex on the way. The two units, 25A and 24A, at 220 Central Park South are a floor apart and traded for the same price: $16.15 million. The buyers were different LLCs that shared one commonality: their signing attorney, Scott Segal. The sellers of the higher unit were Chinese investment banker Fenglei Fang and his wife Suning Fang, who had purchased their pad in 2018 for $13.2 million. The seller of the lower unit was Willow Oak Holdings LLC, which paid $11.8 million for their unit in 2018. Corcoran’s Deborah Kern had both listings.
🏆 Commercial: The priciest commercial deal recorded in New York City was near Grand Central Station, where a 27-story office property at 5 East 42nd Street sold for $135 million. The buyer was the Vanbarton Group, and the seller was the Milstein family’s New York Private Bank & Trust, which had owned the building for decades. Vanbarton plans to convert the 375,000-square-foot property into a 500-unit apartment complex, according to Crain’s.
📊 Commercial: Bonjour Capital scooped up floors three through 19 at 1501 Voorhies Avenue in Sheepshead Bay for $74.2 million from AvalonBay Communities. The portion that was sold covers about 172,000 square feet. The rest of the tower, floors 20 through 30, covers about 69,000 square feet. A Newmark team that included Adam Spies, Dan O’Brien and Adam Doneger represented the seller. The deal pencils out to $417,000 per unit. The building was completed in 2017.
📊 Commercial: In Tribeca, a mixed-use property at 81 Franklin Street sold for $30 million. The buyer was an LLC tied to Slate Property Group and the seller was Francis Moezinia’s Rex Properties, which had taken over the property decades ago. The six-story building spans about 26,000 square feet and has 11 apartments. White Oak Real Estate Capital Management provided a $28.1 million loan.
📊 Residential: A trust tied to Lea DiPerna, owner of a business management firm, shed a 2,700-square-foot condo unit at 173 East Broadway in Two Bridges for just under $7.5 million. The buyer was an LLC managed by investor Nicholas Harris Ulanoff. The trust bought the unit in 2008 for $3.3 million and appears to have put the unit on the market in June, asking $6.9 million.
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