There were 197 transactions totaling $462 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, Feb. 17, 2026.
🏆 Residential: The top home sale to hit records was the sale of two units covering the 78th floor at 432 Park Avenue, for $52.5 million. The units are at the center of an ownership dispute between Harry Macklowe and CIM Group, which is tied to the selling entity. Macklowe had lost the condos last year when he defaulted on the mortgages he took out from CIM to buy the units. The developer paid about $47 million for the units along with a smaller pad on the 28th floor, which is not included in the latest sale. Serhant’s Glenn Davis and Nicholas Compagnone had the off-market listing. The buyer was 78 Purchaser LLC.
🏆 Commercial: Soho had the top commercial deal to hit records, with the sale of the Nomo Soho Hotel at 9 Crosby Street for $121 million. The seller was Alex Sapir’s vSapir Organization, which had purchased the more than 121,000-square-foot, 26-story property in 2015 for $200 million via a foreclosure sale. The latest transaction marks a nearly 40 percent discount. The hotel’s new owner is Israel-based Dan Hotels. Sapir placed the 264-key property into Chapter 11 bankruptcy late last year in the hopes of paying down $155 million in Israeli Bond debt.
📊 Residential: A 4,800-square-foot condo at 111 West 57th Street along Billionaires’ Row changed hands for $12.3 million, or around $2,500 per square foot. The seller, Ridgewood 57 II LLC, purchased the five-bedroom pad in 2023 for $13.5 million. It went back on the market nearly a year later, with an asking price of $17.5 million. Corcoran’s Carrie Chiang and Andres Perea-Garzon had the listing. The buyer in the latest sale was Vision Start VIII, LLC.
📊 Residential: In Lenox Hill, Michael L. Black picked up a townhouse at 157 East 65th Street for $10.7 million. The sellers were corporate attorney Ira Dizengoff and Betsy Dizengoff, who paid $6.5 million for the home in 2010. Spanning 6,000 square feet, the residence has five bedrooms, access to the secluded Jones Wood Garden, a gym, a multipurpose room and an elevator. It first hit the market in 2022 for just under $14 million; its most recent asking price was just under $12 million. Compass’ Mark Jovanovic, Scott Hustis, Nora McGuire and David Son represented the Dizengoffs.
📊 Residential: A townhouse at 131 East 92nd Street in Carnegie Hill traded for $8.3 million. New Hope 25, LLC purchased the property from an entity tied to financier Brian Zipp, who paid $7.5 million for the home in 2008. The residence has four bedrooms and three outdoor spaces, along with four wood-burning fireplaces and a restored original facade. Its last list price was $8.5 million. Sotheby’s International Realty’s Jeremy Stein, Karen Moreau and Serena Boardman had the listing.
By the Numbers: Data centers power REIT comeback after 2025 slump
Publicly traded real estate investment trusts staging a comeback.
After a bruising 2025 that left much of the sector lagging a stock market dominated by megacap AI darlings, listed real estate has started to claw back investor attention. The rebound is being powered, somewhat ironically, by the infrastructure that underpins the AI boom: data centers.
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