There were 195 transactions totaling $252 million recorded in New York City from the evening of Friday, Sept. 26 until before 4:00 p.m. on Monday, Sept. 29.
🏆 Residential: The priciest residential sale recorded in New York City was in Murray Hill. Irish talk show host Graham Norton and his husband, filmmaker Jono McLeod, shed a carriage house at 6 Sniffen Court for $5.3 million. The buyer was MaisydogNY LLC. The property dates to 1864 and has two bedrooms, two and a half baths and a roof deck. Norton, who purchased the home in the early 2000s, and McLeod put it on the market in May for just under $5.6 million. Corcoran’s Chris Kann had the listing.
🏆 Commercial: The top commercial transaction recorded in the city was in Soho, where a multifamily building at 149 Spring Street sold for $25 million. The seller was an affiliate of developer EMP Capital Group, which purchased the 18,000-square-foot, eight-story property in 2022 for $17 million. The buyer in the latest deal was a company tied to Cyrus Hakakian.
📊 Residential: British talk show host Ricky Gervais and his girlfriend Jane Fallon parted with a condo at 140 East 63rd Street in Lenox Hill for $1.4 million, sold to an LLC. The couple had purchased the unit in 2008 for $1.7 million. The 800-square-foot apartment has one bedroom and one and a half baths. It went on the market in May for $1.5 million. Compass’ Katherine Camp and Eric Schwarzkopf represented Gervais and Fallon, who still own a larger unit in the building.
📊 Commercial: Tolib Mansurov, a Brooklyn developer accused of arranging straw donations to Mayor Eric Adams’ 2021 mayoral campaign, sold a Park Slope development site for $24 million. Mansurov, who hasn’t faced charges and denied the allegations, according to The City, filed plans in July to construct a 14-story, 99-unit mixed-use development at the site, which includes: 67, 69, 71, 73, 75, and 77 Fourth Avenue and 77 Saint Marks Place. The buyer was Shimon Kleinman, according to Crain’s.
📊 Commercial: In Tribeca, an affiliate of Olshan Properties paid $13 million for a commercial condo unit at 93 Hudson Street. The seller was an LLC tied to AEW Capital Management that had purchased the units a decade ago for $48 million — 73 percent more than the latest transaction. The office property stands 16 stories tall with six units.
📊 Commercial: Two adjacent one-story stores at 272-06 and 272-08 Union Turnpike in New Hyde Park traded for $6.2 million. The seller was Hillside-Queens Co. LLC, which had owned the site for decades. The buyer was SAMP 272 LLC.
By the Numbers: A tale of two boroughs: Manhattan, Brooklyn diverge on affordability
Everything is relative, and that’s especially true for aspiring homeowners in Manhattan.
It may be New York City’s priciest, but Manhattan was the sole borough in the quarter whose home-buying affordability improved over the past year based on median price, according to a TRD Data analysis of third-quarter housing data from Attom. It was also the only borough whose affordability was below its historical norm.
Of course, buyers still needed to earn an annual income north of $360,000 just to afford the typical home on the island; the median household income there is $106,000. Manhattan buyers also had to drop at least 60 percent of their salaries — more than twice the recommended amount — on major home-buying costs.
Correction: Friday’s Data Digest incorrectly described developer Yitzchok Schwartz’s plan for a development site at 960 Franklin Avenue in Crown Heights. Schwartz intends to construct a 300-unit condominium project on the property.
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