There have been 208 transactions totaling $396 million filed in New York Metropolis information within the 24 hours earlier than Tuesday, Could 19.
🏆 Business: The priciest business deal to hit information was on the Higher West Facet, the place a 90-unit multifamily constructing at 698 West Finish Avenue traded for $42 million. The property stands 15 tales tall and spans about 91,500 sq. toes. The client was an affiliate of Benchmark Actual Property Group. The vendor, 698 D Realty LLC, had owned the property for many years.
🏆 Residential: The Higher East Facet had the highest dwelling sale recorded within the metropolis. Thomas and Ingrid Edelman parted with a co-op and a workers unit at 775 Park Avenue for $16.3 million. The client was a belief tied to James Sterne. Thomas Edelman co-founded White Deer Vitality, a personal fairness agency, and Ingrid Edelman is an inside designer. The co-op is a duplex with 5 bedrooms and 5 and a half loos throughout 5,000 sq. toes. John Burger with Brown Harris Stevens had the itemizing, which went dwell in September for $18 million.
📊 Residential: Jonathan and Eve Schenk parted with a rental at 109 East 79th Avenue on the Higher East Facet for $16.3 million. The client was a belief. The Schenks had owned the three,100-square-foot pad since 2022, after they bought it for $9.9 million. The most recent sale breaks all the way down to roughly $5,300 per sq. foot.
📊 Residential: Louise Riggio, widow of Barnes & Noble founder Leonard Riggio, shed a co-op at 720 Park Avenue in Lenox Hill for $14.9 million. The client was a belief. The four-bedroom unit went in the marketplace in October with an asking value of $17 million. Nikki Area and E Helen Marcos with Sotheby’s Worldwide Realty represented Riggo within the sale.
📊 Residential: Angel investor Zachary Weinberg bought a 3,200-square-foot rental at 39 West twenty third Avenue within the Flatiron District for $12 million or about $3,800 per sq. foot. The client was PH Flatiron, LLC. Weinberg had owned the unit, a three-bedroom penthouse with three and a half baths and greater than 900 sq. toes of outside house, since 2024, when he bought it for $12.1 million. The rental went in the marketplace in January for $12.5 million. Compass’ Oliver Gold and Carl Gambino had the itemizing.
📊 Residential: The Canadian authorities bought a co-op at 550 Park Avenue in Lenox Hill for $8.1 million. The client was a belief within the title of hedge funder Philippe Laffont. The unit has 5 bedrooms and 4 and a half loos. It measures about 4,600 sq. toes, pricing the sale at roughly $1,800 per sq. foot. Douglas Elliman’s Thomas Aabo and Dustin Crouse had the itemizing. The unit has been in the marketplace since August 2024, when it was listed for $9.5 million.
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