There have been 187 transactions totaling $271 million filed in New York Metropolis information within the 24 hours earlier than Thursday, Might 21.
🏆 Business: The priciest business deal to hit information was within the Garment District, the place a ten,300-square-foot, vacant business constructing at 28 West thirty seventh Road traded for $18 million or about $1,800 per sq. foot. The client was Sioni Group, which plans to construct a 32-story, mixed-use property on the positioning, based on Crain’s. The vendor was an LLC tied to Leandro Vaysman, CEO at Sylvan Parking Corp.
🏆 Residential: The highest residence sale was on the Higher East Facet, the place a condominium and storage unit at 1049 Fifth Avenue modified palms for $12.8 million. The vendor was Wheels 1049 Fifth LLC, which bought the two,800-square-foot unit in 2018 for $11.8 million. The client was Callisto Properties LLC. The condominium has three bedrooms, three and a half loos and two landscaped terraces; the newest sale works out to about $4,600 per sq. foot. Donna Olshan with Olshan Realty had the itemizing. The unit’s most up-to-date asking worth was $13.5 million.
📊 Residential: A belief tied to Kimberly Anne Liggett parted with a penthouse at 75 Kenmare Road in Nolita for $5.8 million. The belief had owned the unit since 2015, when it paid just below $6 million. The consumers within the newest deal have been Scott and Claudia Linstone. The condominium spans about 1,900 sq. toes and has two bedrooms and two loos. It additionally has a virtually 700-square-foot terrace. The deal pencils out to greater than $3,100 per sq. foot.
📊 Residential: Nick Advani offered a 2,100-square-foot, three-bedroom duplex condominium at 92 Greene Road in Soho for $4.7 million. The client was a belief tied to Armin and Safoora Zerza. Advani had bought the unit in 2007 for $3.4 million. The unit went available on the market with Coldwell Banker Warburg’s Invoice Kowalczuk, Man Hobson and Jane Katz in February with an asking worth of $4.5 million.
By the Numbers: New York’s proposed all-cash luxury home tax would hit these neighborhoods hardest
New York state legislators are weighing a tax on all-cash properties of residence purchases of over $1 million within the Massive Apple — however the place would such a levy have the best influence?
Unsurprisingly, the town’s wealthiest enclaves — Lincoln Sq., Chelsea and the Higher West Facet — had the very best variety of $1 million-plus, all-cash residence gross sales in New York in 2025, based on a TRD Information evaluation of residential deeds recorded within the metropolis from January 2023 by means of Might 2026.
On the whole, all-cash purchases have been on the rise over the previous couple of years, significantly as borrowing prices have additionally risen. From 2023 to 2025, the variety of all-cash residence gross sales over $1 million climbed by 15 % to about 4,500 offers, based on the TRD Information evaluation. Up to now this yr, there have been 1,530 such gross sales.
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