There were 228 deals, totaling about $459 million, recorded in New York City on Tuesday, July 15.
🏆Residential: The top residential sale recorded in New York was for a Tribeca condominium. A trust dropped $28.1 million — nearly 38 percent off its most recent asking price — for a nearly 7,500-square-foot sponsor unit at 111 Murray Street. The five-bedroom penthouse has a glass-wrapped great room, terrace and views overlooking the Hudson River. It was going for $45 million at one point. A team led by Raphael DeNire with Douglas Elliman had the listing. The Witkoff Group, Fisher Brothers and New Valley Ventures developed the property.
🏆Commercial: The priciest commercial transaction recorded in New York was in the Financial District. Bank Hapoalim took over a development site at 140-142 Fulton Street for about $37 million as part of a long-running foreclosure case. The former owner was an affiliate of Abraham Hidary’s Hidrock Properties, which had paid $41 million for the site in 2018. The bank had loaned the developer about $33 million for the purchase and development of the site, on which Hidrock planned to build a hotel. The project was delayed by the pandemic and the bank filed a foreclosure action against Hidrock.
📊Commercial: Macy’s sold a retail property that housed a furniture gallery at 112 Richmond Hill Road in the New Springville section of Staten Island. The buyers were companies tied to CM Staten Island Acquisition LLC. The former department store building measures about 319,000 square feet. Macy’s closed that location in March, according to SI Live.
📊Residential: Michael and Trinh Jermyn scooped up a co-op for $14 million at 1120 Fifth Avenue in Carnegie Hill. The seller was a trust. The penthouse unit has two bedrooms and two and a half baths. Michael Jermyn is the founder of a private equity firm and Trinh Jermyn is a private banker.
📊Residential: Bravo executive producer Andy Cohen parted with his West Village penthouse at 2 Horatio Street for $10.5 million. The buyer was playwright Danny Strong. The co-op is a duplex that measures 3,500 square feet, pricing the deal at $3,000 per square foot. The unit went on the market for $14 million in September. Its most recent price was $12 million. Ryan Serhant and Donna Strugatz had the listing. Douglas Elliman’s Jonathan Stein and Sotheby’s International Realty’s Marcy Bloomstein represented Strong, according to the NY Post.
📊Residential: Plastic surgeon Paul Lorenc sold a townhouse at 161 East 74th Street on the Upper East Side for $8.7 million. The buyer was a company with attorney John P. Hooper as a member. Lorenc had owned the property for two decades. The property has 6,600 square feet of interior space across six floors and 1,200 square feet of outdoor space. It also has six fireplaces and an elevator. The home has been on and off the market since at least 2009, according to StreetEasy. Its most recent asking price was $9.5 million. Victoria Vinokur with Brown Harris Stevens had the listing.
By the Numbers: Brooklyn Brownstone Sales Cool in Q2
Sales of Brooklyn’s prized brownstones, mansions and standalone homes appear to be falling off — even as prices are ticking up.
Home sales for standalone residential buildings — mostly single-family homes — in the borough fell about 12 percent in the second quarter from the quarter before.
The Real Deal analyzed New York City data of home sales for single-, two- and three-family properties for each Brooklyn neighborhood from the second quarter of 2020 through the second quarter of this year. TRD did not include co-ops or condominium deals in the analysis.
The Big Apple’s most populous borough recorded just over $1.6 billion worth of sales of these properties across 1,089 deals — more than 200 fewer deals than the quarter before. The total sales volume figure, while down quarter over quarter, was up a bit from the same time last year, by 0.5 percent.
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