There were 229 transactions totaling $603 million recorded in New York City on Wednesday, Nov. 12, 2025.
🏆 Residential: The top residential sale recorded in the Big Apple on Wednesday, Nov. 12 was along Billionaires’ Row. The Locker Room 121 LLC purchased a full-floor unit at Extell Development Company’s 217 West 57th Street for $47.4 million, down about 14 percent from the condo’s last asking price of $54.9 million. The pad measures more than 7,000 square feet and has five bedrooms and five full bathrooms. Compass’ Maurice Mizrahi brought the buyer. Extell Marketing Group and Corcoran Sunshire Marketing Group are handling sales at the property.
🏆 Commercial: The priciest commercial deal recorded was in the South Bronx, where two commercial condos at 425 Westchester Avenue sold for $93.9 million. Starwood Capital Group was the seller and the buyer was Fort Lauderdale-based EducationRE, Inc. Zeta Charter Schools leases the units, which span about 133,000 square feet. Starwood developed the property, which sits in an Opportunity Zone, with AB Capstone.
📊 Residential: NY Place LLC dropped $18.8 million on a full-floor, 4,500-square-foot sponsor unit at 111 West 57th Street, the Billionaires’ Row supertall that was developed by JDS Development Group and Property Markets Group. When the three-bedroom unit first went on sale in 2020, its asking price was $22.8 million. Its most recent asking price was $19.8 million. A team led by Nikki Field of Sotheby’s International Realty is marketing the property.
📊 Residential: Robert Stefanowski, a businessman and politician, and his wife Amy Stefanowski, who renovates homes, bought a condo at 35 Hudson Yards, which was built by Related Companies and Oxford Properties Group, for $8.5 million. The four-bedroom unit spans just over 4,100 square feet. The deal works out to $2,050 per square foot. Corcoran’s Hottinger Team and Arsic Lau Team had the listing, which had a last price tag of just under $12 million.
📊 Residential: Alexandra and Russell Horwitz parted with a condo at 130 West 12th Street in Greenwich Village for $6.5 million, the unit’s asking price. Russell Horwitz is Goldman Sachs’ chief of staff. The buyer was XUR130 Properties LLC. The Horwitzes had owned the unit since 2012, when they purchased it for $3.5 million. The three-bedroom pad measures about 2,000 square feet. Corcoran’s Catherine Juracich, Tom Ventura, Alexis Godley, Karena Cameron and Emma O’Connor had the listing, which went live in April.
📊 Commercial: In Gowanus, a company tied to Marina Mazzei sold a development site at 563 Sackett Street. The buyer was developer David Tabak of Fulltime Management, who paid $58.5 million for the 38,500-square-foot site, announced JLL, which represented both sides in the transaction. Tabak plans to build a 12-story, 350-unit apartment complex on the property, which is a vested 421a development site and sits in an Opportunity Zone. The property offers a total of nearly 259,000 buildable square feet.
📊 Commercial: In the Concourse section of the Bronx, the All Hollows Institute sold a school building at 1000 Walton Avenue for $24 million. The buyer of the four-story, nearly 85,000-square-foot property was New York-based Azimuth Development Group. The All Hallows High School, a Catholic school, closed its doors in June amid financial struggles.
By the Numbers: Which NYC CRE lenders had the largest and smallest median loans in 2025?
JPMorgan Chase Bank was New York City’s most active commercial real estate lender over the past year — but its typical deal size was the smallest among the city’s top lenders.
The Real Deal analyzed original mortgage filings recorded with the city between Aug. 1, 2024, and Aug. 1, 2025, across the five boroughs. JPMorgan undertook the most deals among the top lenders, 432. The firm also placed first by deal volume, as it issued some $2.4 billion worth of commercial loans. It was also the top residential lender in the city in 2025.
However, the bank’s commercial deals were the smallest on the median among the top 16 lenders in the Big Apple. JPMorgan’s typical deal size was just over $400,000.
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