🏆Residential: Brooklyn Heights logged the priciest house sale within the Huge Apple. Bryan and Carter Hamontree bought the 4,000-square-foot townhouse at 40 Backyard Place for $11.5 million, a 174 % improve from its 2022 sale worth. The client was Backyard Place Realty LLC. The Hammontrees paid $4.2 million for the five-bedroom brownstone earlier than executing a intestine renovation. The sellers put the house available on the market in April with an asking worth of $12.8 million. Their brokers had been Compass’ Callie Katt, Eric Sidman, Carrie McCue, Kelly Bree and Nikki Adamo Parsons.
🏆Business: The costliest business transaction to hit information was SL Inexperienced’s sale of 10 East 53rd Street, a 37-story workplace constructing spanning 390,000 sq. ft. Meadow Companions bought the property, which is 92 % leased, for $312.2 million. SL Inexperienced acquired the constructing in 2012 and redeveloped it; the true property funding belief took over its associate’s 45 % stake within the property in a 2024 deal that valued the constructing at $236 million.
📊Business: The Roman Catholic Church of the Guardian Angel shed a plot of vacant land at 2900 Ocean Parkway in Coney Island for $17 million. The client was 2980 Ocean Parkway LLC. The land sits subsequent to a church constructing, which doesn’t seem to have been a part of this transaction.
📊Business: In Far Rockaway, the New Haven Manor assisted residing facility at 15-26 New Haven Avenue modified fingers for $15.5 million. The vendor was an LLC managed by David Edrich and the customer was an affiliate of The W Group. The constructing stands for tales tall and measures practically 32,000 sq. ft. It’s unclear when it final bought.
By the Numbers: Cannabis tenants go from risky bet to retail mainstay
Hashish dispensaries had been as soon as a dangerous proposition for New York landlords. Three years into the state’s rocky rollout of authorized weed, they’re regaining their standing as a retail lifeline.
The Actual Deal analyzed greater than 230 at the moment working dispensaries tracked by storefront listing database Dwell XYZ. In comparison with the second quarter of 2025, dispensary openings jumped 108 %, the most important improve of any retail subcategory tracked by Dwell XYZ and forward of sports activities and recreation facilities, health and gymnasiums and eating places.
In 2025, practically 100 hashish dispensaries entered working standing, nearly doubling from the 12 months prior. The surge adopted a sluggish begin to New York’s hashish rollout. The state legalized leisure use of hashish in 2021, however licensing delays stored the variety of authorized dispensaries low at the same time as unlicensed retailers proliferated throughout the town.
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