There were 222 transactions totaling $433 million recorded in New York City over the 24 hours before 4:00 p.m. on Wednesday, Sept. 10.
🏆 Residential: The priciest residential deal recorded in New York was for a co-op in the Upper East Side. Gustavo Tomé, president of Mexico-based REIT Fibra Plus, scooped up a unit at 1010 Fifth Avenue for $14 million. The estate of Christopher Clark, founder of Clark Construction, was the seller. The co-op has seven bedrooms across 6,000 square feet and Clark Construction recently gut renovated the unit, according to its listing. The co-op went on the market in September 2024 with an asking price of $16.9 million. Sotheby’s International Realty’s Sheila Ellis and Patricia Wheatley had the listing.
🏆 Commercial: The top commercial transaction recorded was downtown. Two adjacent, five-story walk-ups with ground-floor retail in Greenwich Village sold for $24.9 million. An affiliate of Penn South Capital was the seller of the buildings at 18 and 20 East 13th Street, which the company purchased in 2021 for $11.9 million. The properties have 16 apartments combined. The buyers were JP Real Estate Group Limited and DBA JP Real Estate Group USA.
📊 Residential: In Chelsea, a four-story, Greek Revival townhouse at 344 West 22nd Street changed hands for $13.1 million, about 9 percent above its asking price of just under $12 million. The seller was an LLC that had purchased the property in 2011 for $6.3 million, and the buyer was another LLC. The single-family home has a sculptural staircase, private balcony and garden and an elevator. It went on the market in June with Compass’ Scott Hustis, Mark Jovanovic, Nora McGuire and David Son.
📊 Residential: Ian Schuman, an attorney who represents investment banks in capital markets transactions, dropped $11.6 million — its asking price — on a condo at 7 Hubert Street in Tribeca. The seller was an entity that bought the pad in 2018 for $9.5 million. The unit measures about 3,300 square feet and has three bedrooms and four bathrooms. It went on the market with Coleman Real Estate Group’s Matthew Coleman in May.
📊 Residential: Clayton Orrigo, a top broker and co-founder of Compass’ Hudson Advisory Team paid $6.5 million for a three-bedroom condo at 160 Leroy Street, which has a retail space that houses his team’s headquarters. Douglas Elliman’s Arlene Gutterson represented the seller, who purchased the unit in 2021 for $6.2 million.
📊 Commercial: In Woodside, Queens, Great Neck-based ZD Jasper Realty acquired a development site — an almost 20,000-square-foot parking lot — at 64-11 Queens Boulevard for $18.6 million. The seller was a company managed by Gadi Benhamo, CEO at Palisades Dealer Funding. ZD Jasper Realty, led by Jasper Qu, secured $66.1 million in financing from First Citizens Bank to build a 14-story, 175-unit development at the site. Ripco Real Estate’s Stephen Preuss and Adreas Efthymiou brokered the sale. Ripco’s Adam Hakim, James Murad and Michael Winter arranged the financing.
By the Numbers: Homebuyer sentiment slips amid shaky summer market
Markets across the country seem to be leaning in favor of buyers, but not enough to convince consumers.
Nearly three-quarters of those surveyed by Fannie Mae think it’s a bad time to buy a house, according to the government-sponsored entity’s August Home Purchase Sentiment Index, which measures consumer confidence in the housing market. That’s 44 percentage points higher than those who believe it is a good time to purchase, a delta that has grown 21 percentage points since the same time last year.
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