There were 160 deals, totaling about $264 million, recorded in New York City on Thursday, July 17.
🏆Residential: The top residential sale recorded in New York was for a sponsor unit at Michael Stern’s JDS Development and Property Markets Group’s 111 West 57th Street along Billionaires’ Row that went for $21.3 million. The buyer was an LLC whose member is Kong Lo. The deal for the 4,500-square-foot pad works out to roughly $4,700 per square foot. The three-bedroom residence went on sale in 2023 for about $29 million. Sotheby’s International Realty’s Nikki Field, Ben Pofcher, Jeanne Bucknam and Emma Burakovsky are leading sales at the luxury tower.
🏆Commercial: The priciest commercial transaction recorded in New York was in East Williamsburg. A commercial property at 100 Division Place traded for $16 million. The sellers were Scott Rosenberg and an entity tied to Jeffrey Rosenberg. The buyers were two holding companies. The nearly 7,000-square-foot industrial property has been in the Rosenberg family for decades.
📊Residential: A nearly 11,000-square-foot townhouse in Chelsea changed hands for just under $15 million. The seller was a company with Joseph Healey as its member. The buyer was a company tied to Denis Dancanet, president of Cubist Systematic Strategies. The seller had owned the property since 2013, when it sold for $15.5 million. The home, which has six floors, a basement and a rooftop terrace, went on the market in May 2024 for just under $20 million. Compass’ Michael Koeneke and Ian Slater represented the seller, and Nick Riback with Corcoran brought the buyer.
📊Residential: Gloria and Mark Altherr, former marketing and finance executives, respectively, parted with a 5,000-square-foot townhouse at 163 East 65th Street in Lenox Hill. The buyer, Maple Leaf 15 LLC, purchased the residence for $8 million. The Altherrs had owned the property for decades. The home has been on and off the market for nearly three years; it was originally listed at just under $10 million. It is one of 12 homes that surround the secret Jones Wood Garden. Ania Fedisz with 74 West Real Estate had the listing.
📊Commercial: Japan-based Olive Corporation scooped up two walk-up apartment buildings at 234 and 236 East 88th Streets in Yorkville for $10.4 million. The seller was a company managed by Benjamin Soleimani that paid $3.5 million for the properties two years ago. The buildings are each five stories tall and have 33 apartments total — all occupied, according to StreetEasy.
📊Commercial: In Lenox Hill, a five-story office building at 34 East 67th Street sold for $7.5 million. The seller was a company led by Zvi Harry Kichel, and the buyer was 34 East 67 Street Partners LLC. The 20-foot-wide property dates to 1878 and stands five stories tall, with the possibility of conversion to a single-family home.
By the Numbers: U.S. Home Foreclosure Rate Rises to Five-Year High
Residential mortgage foreclosures are up across the country so far this year, new data show.
Foreclosure filings in the first half of the year rose 6 percent from the same time in 2024 to about 188,000 filings, according to a report from ATTOM Data. That’s the highest amount since 2019.
The New York-New Jersey-Jersey City region, the largest metro area in the country, saw filings plunge by about 15 percent annually — about 7 percentage points smaller than the decrease from 2023 to 2024. The foreclosure rate in this area in the first half of the year came in at 0.13 percent.
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