There were 247 transactions totaling $437 million recorded in New York City over the previous 24 hours as of 4:00 p.m. on Tuesday, Sept. 9.
🏆 Residential: The priciest residential deal recorded in New York was for a Lenox Hill mansion. Martin Cohen, chairman and co-founder of investment firm Cohen & Steers, and his wife Michele Cohen shed a townhouse at 16 East 64th Street for $21 million, 2 percent down from the $21.5 million they had paid for it two decades ago. The buyer of the 20-foot-wide, neo-Federal townhouse, which dates to 1878, was Rosehill Investors VI LLC. The home has five bedrooms, a marble staircase, two terraces, a gym and a sauna. It went on the market in March 2024 for $25 million. Thomas Wexler and Tyler Wexler with Leslie J. Garfield had the listing.
🏆 Commercial: The top commercial transaction recorded was on the Upper West Side, where a 15-story, mixed-use building at 2333 Broadway, also known as 250 West 85th Street, traded for $66 million. The seller was Heller Realty and the buyer was Benchmark Real Estate Group. The 112,000-square-foot property, which has 125 apartments, has been tied to the Heller company for decades. The building doesn’t appear to have any available units, but a one-bedroom pad was listed for a base rent of $4,595 in July.
📊 Residential: A sponsor unit at The Surrey Residences at 20 East 76th Street, developed by the Reuben Brothers, in Lenox Hill changed hands for its asking price of $9 million, or nearly $4,300 per square foot. The buyer was Chapter2 11B LLC. The two-bedroom, 2,100-square-foot condo went on the market with Douglas Elliman’s Michelle Griffith and Lauren Muss in September 2024.
📊 Residential: In Park Slope, Philip and Josephine Teverow parted with a townhouse at 323 Garfield Place, which they had owned for almost 30 years, for $6.1 million. Philip Teverow founded natural food company Solid Brands. The buyers were Benjamin Elga, an attorney who is the founding executive director of Justice Catalyst and Justice Catalyst Law, and Dr. Lauren Stossel, a psychiatrist. The four-story residence has six bedrooms and is configured as a single-family home, but can also be used as a duplex. The property went on the market in April for $5.5 million. Compass’ Kirsten Syrett and Lindsay Owen had the listing.
📊 Residential: In Lenox Hill, a full-floor, five-bedroom sponsor unit at The 74 at 201 East 74th Street, developed by Elad Group, sold for just under $11.5 million. The buyer was AGIAR2LLC. Douglas Elliman’s Barbara Russo, Danielle Englebardt, Christopher Salierno and Elena Sarkissian had the listing, which went live in February 2024 for $12.7 million. The deal pencils out to about $3,000 per square foot.
📊 Commercial: The Victoria C. B. Young Trust, with Robert C. Mayer, Jr. as trustee, scooped up a duplex at 407 Second Street in Park Slope for $4.9 million. The seller was an LLC tied to Julien Bonneville, founder and CEO of TheGuarantors, a rent protection company, that had paid $3.1 million for the property in 2014. The 20-foot-wide brownstone went on sale in June with an asking price of about $4.8 million. Douglas Elliman’s Aran Scott, Peter Perez, Anthony Robles, Lianna Rezhets and Phil Johnson represented the seller.
By the Numbers: Washington, DC home sales tumble amid National Guard presence
Among the country’s top markets, pending home sales have plunged the most in Washington, D.C. — likely due to seasonal trends that hit the nation’s capital particularly hard and a barrage of news stories that haven’t necessarily painted the city in the best light.
From Aug. 4 through Aug. 31, pending sales — deals that went into contract — fell by 10.6 percent compared to the prior four-week period, July 28 through Aug. 24, according to an analysis by The Real Deal of data from brokerage Redfin.
Los Angeles was the only top-10 market where pending deals rose during this time, by 1.5 percent. Miami’s was nearly flat, as pending sales there ticked down by just 0.4 percent.
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