There were 240 deals totaling $471 million recorded in New York City in the 24 hours before 4 p.m. on Tuesday, Nov. 25, 2025.
🏆 Residential: The top residential transaction recorded in New York was in Chelsea, where a triplex penthouse at 520 West 28th Street changed hands for $26.5 million. The seller was billionaire co-founder of Fortress Investment Group Wesley Edens, and the buyer was Chelsea 520 West LLC. Edens purchased the pad in 2020 for $20.2 million. The unit has more than 6,600 square feet of living space and another 2,500 square feet of outdoor space, including a rooftop deck with a hot tub and cold plunge. Clayton Orrigo, Stephen Ferrara and Arran Patel with Compass had the listing. The unit went on the market in June with an asking price of $35 million.
🏆 Commercial: The top commercial deal recorded in the city was near Grand Central Station. The Durst Organization’s sale of 205 East 42nd Street, an office building that New York-based 601W Companies and David Werner Real Estate Investments has closed and hit records. The price was $165 million. The building stands 21 stories tall and its major tenants include the City University of New York and Fedcap Rehabilitation Services.
📊 Residential: Jordan and Riva Kestenbaum parted with a condo at The Beckford Tower at 301 East 80th Street on the Upper East Side for $12 million. The buyers were Benjamin Xiao and Tracy Kwan. The unit has five bedrooms and measures about 3,800 square feet. It went on the market in March, with a listing price of $13.5 million. The Kestenbaums purchased the home in 2021 for $10.2 million. Compass’ Jared Schwadron had the most recent listing.
📊 Residential: Gary Barnett’s Extell Development Company sold another sponsor unit at 50 West 66th Street on the Upper West Side. Heather Levine, a beauty and fashion content creator, and Nathan Ajiashvili, an attorney, paid $9.5 million for a four-bedroom, four-and-a-half-bath condo spanning more than 3,200 square feet. The transaction pencils out to under $3,000 per square foot.
📊 Commercial: In Midtown, two retail condos sold for $7.7 million. An LLC tied to JLL sold the units at 485 Seventh Avenue to an LLC managed by Albert Rabizadeh. The building is home to the Moxy NYC Times Square hotel.
By the Numbers: CRE prices across the U.S. rise again in October
U.S. commercial property prices in October notched their largest growth spurt in three years.
Compared to the same time last year, the RCA CPPI National All-Property Index climbed 4.2 percent, marking the highest annual rate since 2022. Month over month, the index edged up by 0.8 percent.
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