There were 209 transactions totaling $263 million – nearly the same total as on Tuesday — recorded in New York City over the 24 hours before 4:00 p.m. on Wednesday, Sept. 17.
🏆 Residential: The priciest residential deal recorded in the Big Apple was in the West Village, where a nearly 3,000-square-foot townhouse at 262 West 12th Street for $8.2 million. The seller was the estate of heiress and artist Lisa de Kooning, daughter of Dutch abstract expressionistist Willem de Kooning. The buyer was Hikari Home LLC. The home, built in the mid 19th century, last traded in 2007 for just under $7 million. The most recent sale appears to have been off market.
🏆 Commercial: A portfolio of multifamily buildings, with a total of 240 apartments, in the Woodstock section of the Bronx marked the highest commercial deal recorded in the city. Arthur Leeds Associates offloaded the nine adjacent properties, which sit along East 151st Street, East 152nd Street and Wales Avenue, for $19.6 million. The buyer was RJ Block Properties, which obtained $14.7 million in financing for the purchase from JPMorgan Chase.
📊 Residential: Financiers Vikram Doshetty and Esha Ranganath dropped $8 million on a condo at 11 Beach Street in Tribeca. The seller was Michael Herman, who paid $6.8 million for the unit in 2020. The five-bedroom pad spans about 3,500 square feet. The sale appears to have been off market. HFZ Capital Group was the developer behind the building, which was designed by BKSK Architects.
📊 Residential: Investment banker Douglas Trauber sold a two-bedroom condo at 35 Hudson Yards for $4.4 million to Han Seung Kang, an executive at Coupoang, an e-commerce company. Trauber had owned the pad since 2023, when he bought it for just over $4.6 million. The unit measures just under 2,200 square feet, pricing the latest sale at about $2,000 per square foot. Trauber put the unit on the market with Corcoran’s Scott Hernandez and Steve Gold for $4.8 million in April.
📊 Residential: Gucci Americas president and CEO Christophe Marque’s purchase of a condo, with Alexandra Peltre Marque, at 420 East 75th Street in Lenox Hill for $4.2 million hit the record books, though the deal closed about a month ago. The seller, an LLC, had bought the unit in 2022 for about $5.8 million. The full-floor condo has three bedrooms and six and a half baths. The seller put it up for sale for just under $5 million in May. Douglas Elliman’s Matthew Cohen represented the Marques and Compass’ Tom Postilio, Mickey Conlon and Jennifer Rahilly had the listing.
By the Numbers: Homebuilders pump brakes on single-family home construction
With a buyer’s market on the horizon, developers continue to pull back on building single-family homes.
Home builders started construction on 890,000 units in August, down 12 percent from the same time in 2024, according to seasonally adjusted construction starts data from the U.S. Census Bureau.
Every U.S. region — the Northeast, the Midwest, the South and the West — saw new single-family construction fall year over year in August. The West saw starts plunge the most, by nearly 16 percent.
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