There were 206 transactions totaling $353 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, Feb. 5, 2026.
🏆 Residential: The top home sale recorded in the Big Apple was a 25-foot-wide, five-story townhouse in the West Village. Kala’s Red Rover LLC purchased the property at 78 Morton Street for $19 million, which was $2 million under the home’s original asking price. The seller, Brah L.P., purchased the townhouse in 2020 for $19.2 million. The property spans nearly 6,900 square feet and has an elevator, media room, outdoor space and garage. Its lowest level also has been outfitted into a jazz club. The sale works out to roughly $2,800 per square foot. Sotheby’s International Realty’s Jeremy Stein and Kat Trappe had the listing, which went live last April.
🏆 Commercial: The priciest transaction recorded was for commercial land at 539 West 54th Street in Hell’s Kitchen, which sold for $30 million. The buyer was 539 West 54 LLC, tied to Shoime Goldstein, which acquired the property from Excel Development Group. The property previously traded for $25 million in early 2022. Excel planned to construct a 71-unit, 21-story apartment building at the site, which once housed a church.
📊 Commercial: Cayre Equities offloaded an office building at 254 West 35th Street in the Garment District for $26.2 million. Cayre had acquired the property in 2024 for $16.2 million. The new owner of the 16-story, 106,000-square-foot building is Joyland’s Joel Wertzberger.
📊 Residential: On the Upper East Side, a company tied to Harold A. Kelly parted with a townhouse at 61 East 80th Street for $18.2 million. The buyer was AJ Happiness LLC. The seller had purchased the home in 2007 for $10.6 million; it went on the market in late 2024, with an asking price of $19.8 million. The six-story townhouse spans 9,000 square feet, which prices the deal at just over $2,000 per square foot. Its amenities include a spiral staircase throughout the house, a rooftop terrace, a garden, a terrace overlooking the garden and a gas-burning fireplace. Douglas Elliman’s Jodi Sutherland, Lisa Mathias and Lauren Muss had the listing.
📊 Residential: Pontiac Land Group sold a sponsor unit at the MoMa Tower at 53 West 53rd Street in Midtown. The buyer, CXT Property, LLC, paid $15.3 million — about $4,200 per square foot — for the nearly 3,400-square-foot pad. The unit has three bedrooms and three and a half baths, and its asking price was $23.3 million. Douglas Elliman’s Renee Micheli, Jade Chan, Frances Katzen and Michelle Griffith had the listing.
📊 Residential: In Greenwich Village, Simon Huck, a PR executive, scooped up a townhouse at 23 West 12th Street for $11.2 million. The seller was a trust. The 7,000-square-foot property has a triplex, a duplex and an owner’s studio but can be converted into a single-family mansion, according to its listing. The sale pencils out to about $1,600 per square foot. The home hit the market in May, with an asking price of just undere $15 million. Compass’ Nick Gavin, Ugo Russino and Allie Fraza had the listing.
By the Numbers: NYC troubled mortgage rate beats national share despite trouble spots
New York City’s residential mortgage market is beating the national average, but troubled pockets remain in the five boroughs.
In the fourth quarter of 2025, 1.7 percent of New York City’s residential properties with mortgages were considered seriously underwater. That was a hair higher than the share from the same time the year before, 1.63 percent — but almost half the national rate of 3 percent.
Percent of Underwater Residential Mortgages, Q4 2025
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.