There were 195 transactions totaling $311 million recorded in New York City over the past 24 hours before 4:00 p.m. on Tuesday, Oct. 14.
🏆 Residential: The top home sale recorded in New York City was for a Midtown penthouse. Mark and Elizabeth Greenhill dropped $12.3 million on a condo at GFI Capital’s 111 West 56th Street, also known as One11 Residences at Thompson Central Park. The 2,800-square-foot sponsor unit has four bedrooms, four bathrooms and some 2,900 square feet of terrace space. A team led by Maria Mainieri and Taylor Middleton of Douglas Elliman Development Marketing is leading sales at the development. The listing’s most recent asking price was a hair under $15 million.
🏆 Commercial: The top commercial transaction recorded in the city was in Borough Park. A four-story office building at 6201 15th Avenue and a parking lot across the street at 6310 15th Avenue traded for $42.3 million. The seller was an entity linked to Shiya Lubin, which had purchased the properties in 2020 for $29.5 million. The buyer in the latest deal was an LLC tied to George Lebovits, owner of Ahava Medical and Brooklyn Community Medical PC.
📊 Commercial: In Greenpoint, V&M Buzzetta Realty Corp. offloaded four adjacent one-story industrial buildings, which they had owned for decades, at 82-88 Apollo Street for $7.4 million. The buyer was Flushing-based Jin Lin Realty LLC. Combined, the buildings span just over 18,000 square feet. The deal works out to roughly $411 per square foot. Cushman & Wakefield had the listing.
📊 Residential: At Extell Development Company’s 50 West 66th Street along Billionaires’ Row in Lincoln Square, Christen Lee, president of KKR Real Estate, and Nyssa Fajardo Lee, an attorney, purchased a sponsor unit for a little over $12 million or roughly $3,100 per square foot. The condo has four bedrooms, five bathrooms and one half bathroom across about 3,900 square feet of space.
📊 Residential: Chelsea and Nicholas Scribani — Nicholas is an executive at Newmark — paid $6.3 million for a three-bedroom, 2,700-square-foot condo at 212 Fifth Avenue in NoMad. The seller, an LLC, purchased the unit in 2017 for about $7 million; the pad went on sale in July for nearly $6 million. Modlin Group’s Adam Modlin and Andrew Nierenberg had the listing.
By the Numbers: CRE activity surged in September to 2025 peak
The U.S. commercial real estate market released some pent-up energy in September after investors got the quarter-point federal funds rate cut they’d been hoping for.
Most notably, commercial property listings surged 25 percent across the country last month compared to August, according to research by property analytics firm LightBox.
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