Led by office and townhouse sales, there were 216 transactions totaling $890 million recorded in New York City over the past 24 hours before 4:00 p.m. on Wednesday, Oct. 15.
🏆 Residential: The top home sale recorded in New York City was an Upper West Side townhouse. David Krohn, a crypto trader, and Phyllis Lee, an investment banker, scooped up a home at 330 West 88th Street for $8.5 million — 89 percent more than what it last sold for several years ago. The seller was an LLC linked to Mount Vernon, New York-based architect Mohammad Badaly, who had purchased the residence in 2022 for $4.5 million and gut-renovated it, according to the listing. The six-story home spans over 7,000 square feet and has more than 1,400 square feet of outdoor space. It has an elevator, four bedrooms and six-and-a-half bathrooms. The seller put the property on the market with Sotheby’s International Realty’s Jaime Richichi for $10 million.
🏆 Commercial: Weill Cornell Medicine’s acquisition of a 10-story, 500,000-square-foot office building at 1334 York Avenue on the Upper East Side for $510 million marked the highest commercial real estate deal recorded in the city. The university, which had previously leased space in the building, was represented by a JLL team led by David Giancola, Geoff Goldstein, Steven Klein, David Cartlos and Joe Messina. The deal works out to $1,20 per square foot. The seller was the auction house Sotheby’s, which is leasing back four floors from the medical institution. CBRE’s Doug Middleton and Mary Ann Tighe represented Sotheby’s.
📊 Commercial: For $24 million, the Baudouine Building, an 11-story office property at 1181 Broadway in NoMad, changed hands. The seller was an LLC managed by landlord Bahram Hakakian, and the buyer was another LLC. The nearly 27,000-square-foot building last sold in 2004 for more than $8 million.
📊 Commercial: In Bayside, a standalone Wendy’s restaurant at 220-10 Northern Boulevard traded for just under $8 million. The property, which dates to 1987, spans 3,900 square feet, pricing the deal at more than $2,000 per square foot. The sellers were: Mara Ginsberg, Alfred Lama, William Valone, James Vassalotti, John and Adam DiGirolamo and Susan Prober Siegel. The buyer was an LLC with Hui Li as member.
📊 Commercial: Albino and Morena Rizzuto parted with a multifamily building at 29-06 Crescent Street in Astoria. The buyer, VDI Land Corp., which is tied to Whitestone, New York-based banquet hall Verdi’s, paid $7.3 million for the four-story property, which spans about 29,500 square feet and has 38 apartments.
📊 Residential: Claudia Davidson and Patrick Conroy dropped $4.8 million on a corner brownstone at 64 Second Street in Carroll Gardens, 65 percent more than the property’s last trade price just two years ago. The seller was an LLC tied to architect Jill Bouratoglou that had purchased the property in 2023 for $2.9 million. The recently renovated townhouse has four bedrooms and three and a half baths, along with two outdoor spaces and a separate garage. It went on the market in April for $5.9 million. Corcoran’s Leslie Marshall and Nick Hovsepian had the listing.
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