There were 168 transactions totaling $328 million recorded in New York City over the prior 24 hours before 4:00 p.m. on Wednesday, Oct. 22.
🏆 Residential: A sponsor unit at 53 West 53rd Street in Midtown, developed by Pontiac Land Group and Hines, marked the top residential deal to hit New York City’s records on Wednesday, Oct. 22. The buyer was Mansion in NY Corporation, which paid $5.6 million for the pad. The 2,500-square-foot unit, which has been on and off the market for a decade, has three bedrooms and three and a half baths. The pad’s most recent asking price was $7.4 million. Douglas Elliman’s Renee Micheli, Jade Chan, Frances Katzen and Michelle Griffith had the listing.
🏆 Commercial: The top commercial deal recorded in the Big Apple was for 12 square feet of signage in Times Square. Broadway producer John Gore’s John Gore Organization dropped $12.2 million — over $1 million per square foot — to take over signage at the Brill building at 1619 Broadway. Gore earlier this year paid nearly $29 million for six other condos at the historic property. The seller was Mack Real Estate Group.
📊 Commercial: In Prospect Heights, a 58-unit apartment complex at 347 Lincoln Place changed hands for $4.9 million. The buyers were four LLCs tied to Great Neck, New York-based Gilman Management Corp., and the sellers were three entities linked to Brooklyn-based Sharp Management Corp. The more than 48,000-square-foot building last traded in 2014 for $5.4 million.
📊 Residential: Ilona and Leonid Kogan, who run an international meat export company, shed a condo at The Mayfair 610 Park Avenue in Lenox Hill for $4.9 million. The buyer was Park Avenue NYC 5 LLC. The Kogans had owned the residence since 2003, when they purchased it for $3.7 million.
By the Numbers: Dallas, Houston top U.S. markets for industrial construction
Southern cities are dominating industrial construction in the U.S.
Dallas-Fort Worth has some 28 million square feet of industrial space underway, the highest amount in the country as of August, according to data from Yardi. Houston was second, with just under 17 million square feet of space being built.
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