There were 270 deals recorded, totaling about $363 million, in New York City on Wednesday, July 9.
🏆Residential: The top residential sale recorded in New York was in Tribeca. Ryan Wilder parted with a condominium at 111 Murray Street. Jennifer Ellington paid $11.5 million for the unit, about 6 percent off its last trade price of $12.2 million in 2019. Wilder listed the 3,300-square-foot residence for sale in March for just under $12 million. Compass’ Ian Slater, Michael Koeneke and Eduardo Martinez represented Wilder.
🏆Commercial: The priciest commercial sale recorded in New York was in Long Island City. Vecta Industries LLC sold a three-story industrial building at 38-18 33rd Street for $18.5 million. The buyer was a company tied to Steven Hurwitz. Vecta had owned the building since at least the 1980s.
📊Residential: Seth Adler of Edison, New Jersey-based Adler Development paid $11.2 million, via a trust, for a sponsor unit at 215 East 19th Street in Gramercy Park. The four-bedroom pad spans about 4,700 square feet, pricing the deal at roughly $2,400 per square foot. The unit’s initial asking price, back in 2016 when it went live, was $14.8 million. Douglas Elliman’s Michelle Griffith, Tyla Buzzerio and Matthew Macay had the listing. The condo sits within one of four buildings in the Gramercy Square complex, which was developed by David Bistricer’s Clipper Equity and Meyer Chetrit’s Chetrit Group.
📊Residential: In the West Village, Solesia LLC, connected to Domus Realty’s Giampiero Rispo, shed a condo at 160 Leroy Street for just over $7 million. The buyer was a company tied to Daniel Elias. The seller paid $6.7 million for the pad in 2018. The residence spans more than 2,000 square feet, pricing the deal at about $3,500 per square foot. The unit had been on the market since 2022, when it was listed for $8 million. R New York’s Matteo Rignanese had the listing.
📊Commerical: In South Williamsburg, a new two-story office building at 276 Bedford Avenue traded hands for $10 million. The seller was a company tied to Philip Miller and the buyer was an entity linked to Alexandra Levy. The seller bought the site in 2020 for $4.2 million. The project was completed in 2024.
📊Commerical: An affiliate of Luxstone Partners purchased a mixed-use building at 41-48 40th Street in Sunnyside for $9.5 million. The seller was a company tied to the Barlis family that had owned the building for decades. The rental property has 50 units and stands five stories tall.
📊Commercial: The Berkley Carroll School, a private pre-K through 12 school, dropped $6.1 million on a townhouse at 545 Third Street in Park Slope. The sellers were Deian Urso and James Heindlmeyer, who had owned the property for 2011. They paid $2.3 million for the brownstone, which they then renovated. The four-bedroom property has about 4,500 square feet of interior space. It had been on the market since May 2024 with an asking price of $6.5 million. Compass’ Cassie Glover and Rachel Glazer represented the sellers in the deal.
By the Numbers: Sizing Up Skyrocketing Home Insurance Rates
In 2023 and 2024, the United States experienced the most natural disasters that led to damages of at least $1 billion.
So it’s no surprise that home insurance companies over the past few years have increased their rates for homeowners, a new report found, particularly in 2023 and 2024.
Over the past six years, countrywide home insurance rates climbed 40.4 percent, according to LendingTree’s 2025 State of Home Insurance Report.
In New York, home insurance rates grew 21.7 percent during this time period, among the lowest increases in the country. The annual change for the state was also low in 2024, coming in at 3.8 percent — the third-lowest in the country.
The average annual home insurance cost in New York is $1,897, which is 32.3 percent lower than the U.S. average. It ranks 37th in the country, with Oklahoma coming in at No. 1 with the highest yearly cost.
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