There were 219 transactions totaling $259 million recorded in New York City over the 24 hours before 4:00 p.m. on Thursday, Oct. 2.
🏆 Residential: The priciest residential deal recorded in New York City was on the Upper East Side. Eric Scuderi, a financier, and Natalia Wolff dropped $7.6 million on a co-op at 770 Park Avenue. The seller was the estate of Patricia Klingenstein, a philanthropist who purchased the pad in 2012 for just under $10 million. Patricia was married to John Klingenstein, the son of investment banker Joseph Klingenstein who was among the founders of Mount Sinai’s School of Medicine. The four-bedroom co-op comes with a storage rtoom and has two fireplaces and a library. Brown Harris Stevens’ Amanda Brainerd and Gerartd Ryan had the listing, which went live in January 2024 for a hair under $9 million.
📊 Residential: The estate of Vera Jaqueline Winsor, a Canadian-born sculptor, parted with a co-op at 112 Mercer Street in Soho for just under $5 million. Winsor, whose work is in the Metropolitan Museum of Modern Art, the Whitney and the Metropolitan Museum of Art, had lived and worked in the full-floor loft since the 1960s. The buyer was Abby Caulkins, an art dealer. The unit spans about 3,000 square feet and has an additional 300 square feet of terrace space. The loft’s monthly maintenance is just $200, as the co-op’s shareholders receive income from the building’s ground-floor retail tenant, Frankies Bikinis. The estate had put the loft on the market in June for $4.8 million. The listing agents were Sotheby’s International Realty’s Glenn Norrgard and Samantha Sitinas.
📊 Residential: Another Soho artist’s loft is off the market, this time for $4.3 million. The seller was the family of the late Ida Applebroog, an artist whose work is in the Whitney, the Met, the MoMa and the Guggenheim Museum. The unit, the full eighth floor of 491 Broadway, in the Cast Iron Historic District, spans about 4,000 square feet and is all open space. However, it can be renovated to accommodate three bedrooms and three bathrooms, according to the listing. A Compass team led by Henry Hershkowitz represented the sellers. The buyers were Donald and Liutauras Van Hook.
By the Numbers: Where are new offices being built?
Despite a sharp two-year drop in construction starts, builders haven’t hit the brakes on office development entirely.
Nearly one-half of a percent of the nation’s office stock is under construction, according to real estate data platform Yardi Matrix’s September report, which excluded properties set to be occupied by their owners. That’s more than 40.2 million square feet of space.
Austin is the major market that has the greatest share of its office stock under construction, with 2.5 percent, or 2.4 million square feet. Miami and Boston follow, with 2.2 percent of their space in the midst of being built.
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