There were 240 transactions totaling $406 million recorded in New York City over the 24 hours before 4:00 p.m. on Thursday, Sept. 11.
🏆 Residential: The priciest residential deal recorded in New York was on the Upper East Side, where Christopher and Carly Wimpfheimer — he is a managing director at J.P. Morgan Wealth Management — snagged a six-bedroom townhouse at 171 East 73rd Street for $12.1 million. The seller was an LLC tied to Owen Tunney, an investment professional, and Jennifer Frame-Tunney, a managing director at BlackRock, that paid $6.4 million for the home in 2012. The five-story home has four outdoor spaces, heated sidewalks, a gym and elevator. The property’s most recent asking price was $13.5 million. Serhant’s Chase Landow and Natalia Gonzalez had the listing.
🏆 Commercial: The top commercial transaction recorded was in Noho. An affiliate of Pamera North America picked up a nine-story building at 640 Broadway for $49.5 million. The seller was an affiliate of Acadia Realty Trust, which bought the property, also known as 172 Crosby Street, in 2012 for $32.5 million via a joint venture with Winhaven Group. The building’s retail space spans just over 11,000 square feet, and the residential portion, with 21 units, covers about 42,000 square feet. Acadia once planned to convert the property into a residential condominium. JLL’s Steven Rutman and Jeffrey Julien had the listing.
📊 Commercial: In Washington Heights, a stalled construction site at 4452 Broadway and an adjacent lot at 44 Fairview Avenue sold for $15.3 million. The seller was Madison Realty Capital, which took over the sites in 2024 through a bankruptcy sale from HAP Investments for $26.5 million. The latest transaction marks a 42 percent drop from its previous trade price. The newest owner is a Clifton, New Jersey-based LLC tied to Three Pillars. HAP had planned to build a 129-unit, seven-story apartment complex at the site, but the project remains unfinished.
📊 Commercial: The Catholic Near East Welfare Association shed a church property at 248 East 62nd Street in Lenox Hill for $9.7 million. The buyer was an affiliate of Brooklyn-based Rybak Development. The building stands three stories tall and measures about 7,200 square feet. The transaction pencils out to roughly $1,400 per square foot.
📊 Residential: Actor Lois Robbins and financier Andrew Zaro parted with a co-op at 136 East 79th Street on the Upper East Side for $9.9 million. The buyers were Emily and Matthew Lembo. The full-floor Lenox Hill pad spans about 6,000 square feet and has a private elevator landing, two wood-burning fireplaces and staff quarters. The deal, which works out to about $1,700 per square foot, also comes with a storage room and storage locker. Compass’ Janet Brenner had the listing, which first went live in November for $12.5 million.
📊 Residential: Helen Mumford Sole, founder of an executive coaching firm, and Peter Sole, senior partner at that firm, sold a townhouse at 110 West 13th Street to a company linked to David Marshall for $9.6 million. The Soles purchased the Greenwich Village home in 2011 for $5.7 million. The property dates to 1844 and has some 4,300 square feet of living space, which includes five bedrooms and a chef’s kitchen. The townhome has been on and off the market since 2016, when it was originally listed for just under $13 million. Serhant’s Ravi Kantha and Marzena Wawrzaszek represented the sellers.
📊 Residential: In Chelsea, a condo unit at the Lantern House at 515 West 18th Street changed hands for $8.3 million. The sellers were Qianli Ao and Yve Yinglin Yang. The buyer was a Santa Monica, California-based LLC. The three-bedroom unit went on the market in March for just under $8.5 million. Corcoran’s Steve Gold, Scott Hernandez and William McLarnon had the listing.
By the Numbers: Here’s where rents are rising and falling across the U.S.
Apartment rents were essentially flat across the country last month, thanks to seasonal trends and financial uncertainties.
The average asking rent in the U.S. ticked down just $1 in August to $1,755 per month, while year-over-year growth was just 0.7 percent, according to Yardi Matrix’s National Multifamily Report.
In New York, apartment rents climbed 3 percent year over year.
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