There were 181 transactions totaling $311 million recorded in New York City in the 24 hours before 4 p.m. on Wednesday, Oct. 29.
🏆 Residential: Billionaires’ Row had the priciest home sale recorded in the Big Apple on Wednesday, Oct. 29. Kym Louise Johnson, an Australian ballroom star and wife of businessman and “Shark Tank” investor Robert Herjavec, dropped $20.1 million on a sponsor unit at 111 West 57th Street, developed by JDS Development Group and Property Markets Group. The full-floor residence spans nearly 4,500 square feet, pricing the deal at roughly $4,500 per square foot. The unit’s first asking price, back in 2018, was $27.5 million, but it most recently was going for $22.5 million. Sotheby’s International Realty’s Nikki Field is leading a team handling sales at the building.
🏆 Commercial: The top commercial real estate transaction recorded in the city was in the Financial District. Rivington Company paid $26.4 million for a development site at 140-142 Fulton Street. The seller was Israel-based Bank Hapoalim, which took over the site earlier this year after foreclosing on the property in 2022. The site’s former owner, Hidrock Properties, had planned to build a hotel there.
📊 Residential: John J. Sie, the founder and former chairman of Starz Entertainment Group, and the estate of his wife, philanthropist Anne M. Sie, parted with a co-op at the Hampshire House at 150 Central Park South for $9.3 million.The unit has three bedrooms, three bathrooms, a marble fireplace and private elevator landing. It had been on and off the market since 2022, when it was initially listed for $12 million. Corcoran’s Catherine Juracich, Tom Ventura, Lesley Schulhof and Joshua Cohen had the listing. The buyer was Limmar LLC.
📊 Residential: Anne Patterson Finn, a lawyer who works to help those impacted by the criminal justice system through the nonprofit the Focus Forward Project, sold a co-op at 40 West 77th Street on the Upper West Side for $5.2 million; she had purchased the residence in 2016 for $4.6 million. The unit’s new owners are Michael and Susan Beller. The co-op has four bedrooms, three bathrooms and views of the American Museum of Natural History and its gardens. Sotheby’s International Realty’s Anne Aransaenz had the listing, which went live in May for $5.5 million.
📊 Residential: In Noho, Jason Lutin, Mark Cuban’s longtime chief of staff, paid just under $5 million for a co-op at 716 Broadway. The seller was a trust tied to Adam Lipson that had bought the full-floor, four-bedroom pad in 2023 for $2.6 million. The unit, which went up for sale in February for $5.5 million, spans about 2,500 square feet and has 1,250 square feet of private roof space. Platinum Properties’ Rachel Lipson and Cash Bernard had the listing.
📊 Commercial: In the Ocean Hill section of Brooklyn, a standalone, one-story retail store that was once a Rite Aid at 960 Halsey Street traded for $9 million. The property spans 12,500 square feet. The deal works out to $720 per square foot. The seller was John Catsimatidis’ Red Apple Group, which had purchased the site in the late 1990s. The buyer was an LLC managed by Fouad Elayyan.
By the Numbers: U.S. home prices edge down in August
After peaking in June, U.S. home prices continued to slide in August.
The S&P Cotality Case-Shiller U.S. National Home Price index ticked down by 0.3 percent in August from July, after falling about 0.2 percent the month before.
While August’s reading was 1.5 percent higher year over year, that growth rate was the weakest annual gain in more than two years, according to S&P Dow Jones Indices, which releases the index. It also lags the country’s 3 percent inflation rate.
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