There were 289 deals recorded, totaling about $505 million, in New York City on Thursday, July 3.
🏆 Residential: The top residential sale recorded in New York City was for a Chelsea condominium at One High Line, Witkoff Group and Access Industries’ luxury development at 500 West 18th Street. Mark Terrano paid $13.1 million for the unit, which has four bedrooms and spans about 3,200 square feet. The asking price was just under $14 million. Corcoran’s Deborah Kern and Steve Gold had the listing. The deal pencils out to about $4,100 per square foot. The building in February crossed the $1 billion in sales mark.
🏆 Commercial: The top commercial deal recorded in New York was for a bulk sale of apartments in Borough Park. A company linked to Malky Feig parted with the 22,000-square-foot residential portion of the seven-story 1502 46th Street for $9.6 million. The apartments sit above a community facility at the property. The buyer was Compassionate Realty LLC.
📊 Residential: A sponsor unit at 50 West 66th Street, developed by Gary Barnett’s Extell Development Company, in Lincoln Square traded hands for $9.4 million. The buyer was IPV50W66 LLC. The four-bedroom unit measures about 3,200 square feet. The sale works out to about $2,900 per square foot.
📊 Residential: In Carnegie Hill, Amanda and Ned Offit — he is the CEO of investment advisory firm Offit Capital — shed a co-op at 1100 Park Avenue for $8.8 million, about 8 percent over ask. The buyers were Susan Jo Goldstein and Jonathan Ackerman Curtis. The Offits had owned the four-bedroom unit since 2011, when they bought it for $7.1 million. The co-op hit the market in January for $8.2 million. Coldwell Banker Warburg’s Victoria Hersh had the listing.
📊 Residential: A trust dropped $7.9 million on a sponsor unit at 200 Amsterdam Avenue in Lincoln Square. The five-bedroom residence spans about 3,500 square feet. Its initial asking price, from 2022, was $8.8 million, but its last price was $8.4 million. SJP Properties and Mitsui Fudosan developed the 52-story tower. Serhant’s Peter Zaitzeff, Jamie Hannon and Donna Strugatz had the listing and Compass’ Tony Sargent and Cody James represented the buyer.
📊 Commercial: Brookfield’s sale of its retail space, occupied by Eataly, at 200 Lafayette Street to Meadow Partners has hit records. The recorded sale price was $37 million. A Newmark team led by Adam Spies and Adam Doneger was the broker on the deal.
📊 Commercial: In Flushing, a three-store, 10,000-square-foot retail property at 162-05 Crocheron Avenue exchanged hands for $9 million. Sanford Group USA took over the property from a company tied to the Hochman family, who had owned the site since the 1960s.
By the Numbers: 10% of Noho, Nolita storefronts stand empty
Nearly 1 in 10 stores in Noho and Nolita don’t have tenants, according to an analysis by The Real Deal.
Out of 553 properties in Noho and Nolita, 51 were vacant as of the time of the study — or 9.2 percent. The amount of vacant space totals almost 185,000 square feet (square footage could not be obtained for all stores). The largest empty store is the Moklam Enterprises’ six-story, office-and-retail building at 622 Broadway.
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