There were 240 transactions totaling $283 million recorded in New York City over the past 24 hours before 4:00 p.m. on Wednesday, Oct. 8.
🏆 Residential: A Carnegie Hill co-op topped the list of residential transactions recorded in New York City. Susan Huang dropped $7.3 million on a unit at 1100 Park Avenue. The seller was a trust tied to Randy Fishman, widow of former Travelers Cos. CEO Jay Fishman. The Fishmans purchased the 3,200-square-foot pad in 2010 for $4.2 million; it went up for sale in March for $7.3 million. The unit has three bedrooms, three and a half baths, an in-home gym and a private elevator landing. Coldwell Banker Warburg’s Jane Andrews and John Cronin had the listing.
🏆 Commercial: The priciest commercial deal recorded in the city clocked in at just $7 million. The Renaissance Youth Center, which provides educational and music programming for children in the South Bronx, purchased its building at 3485 Third Avenue from an LLC tied to developer Kiumarz Guela that had owned the property for about two decades. The five-story building spans 33,500 square feet, pricing the deal at roughly $210 per square foot.
📊 Commercial: In Flushing, portions of a mixed-use condominium building traded for $6.9 million. The seller was an affiliate of Amerasia Bank, and the buyer was Farrington Capital LLC. The commercial space and 8 of 12 of the property’s residential condos were included in the transaction.
📊 Commercial: An LLC tied to Sun Choi Tsang offloaded a development site at 37 Meserole Street in East Williamsburg for $6.4 million. The purchaser was an LLC linked to Zihang Chen, which took out $11.3 million in financing from an affiliate of S3 Capital for the deal. Tsang had owned the property since the early 1990s and had planned to build a residential complex there.
📊 Residential: A sponsor unit at 500 West 18th Street in Chelsea sold for just under $6 million. The buyer was an LLC led by Peter Spain, principal at Core Development, based in Southampton, Pennsylvania. The developers of the property, known as One High Line, are Witkoff Group and Access Industries. Corcoran’s Deborah Kern and Steve Hold had the listing, which had an initial asking price of about $6.1 million. The unit sold in this transaction has two bedrooms and two and a half bathrooms, and it spans about 2,200 square feet. The deal pencils out to roughly $2,700 per square foot.
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