There have been 204 transactions totaling $288 million filed in New York Metropolis data from 4 p.m. on Friday, June 12, via 4 p.m. on Monday, June 15.
🏆 Industrial: The priciest business transaction to hit data was in Clinton Hill, the place a stalled residential improvement at 929 Atlantic Avenue offered for $7.7 million. The property was as soon as owned by Brookland Capital, however Amos Monetary took it over amid a foreclosures case in 2022. The property’s newest proprietor is KG Atlantic Realty Holding Inc., led by president Fei Guo.
🏆 Residential: Soho recorded the highest dwelling sale within the metropolis. Selby Drummond, an investor and advertising govt, and Steven Dubb, principal of The Beechwood Group, parted with a 4,700-square-foot condominium at 538 Broadway for $12.8 million or roughly $2,700 per sq. foot. The client was JBX Mercer LLC. Drummond and Dubb bought the unit in 2023 for $8.9 million.
📊Residential: Associated Firms and Oxford Properties Group offered a 3,800-square-foot sponsor unit at 35 Hudson Yards for $7.5 million. The deal pencils out to just about $2,000 per sq. foot. The client was 35 HY2 LLC. The unit has 4 bedrooms and 4 and a half bogs; its final asking value was just below $9 million. Corcoran’s Hottinger Group and Arsic Lau Group had the itemizing.
📊Residential: A belief tied to Delphine Ledroit-Anders scooped up a three-bedroom penthouse on the Forena at 540 Sixth Avenue within the Flatiron District for just below $6 million. The unit measures about 2,100 sq. ft, pricing the sale at greater than $2,900 per sq. foot. The builders of the condominium constructing are Landsea Houses and DNA Improvement. Serhant’s Glenn Davis, Austin Goodman and Erin Provost had the itemizing.
By the Numbers: Number of underwater homes in the US reached 2M
The variety of underwater properties within the U.S. is quickly rising.
For the primary time since 2021, the variety of properties the place mortgage balances sit at the least 25 p.c larger than a property’s estimated market worth handed the two million mark. The determine represents a 15 p.c year-over-year enhance, based on a brand new report from actual property analytics agency Attom.
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