There were 122 deals recorded, totaling about $193.5 million, in New York City on June 18.
🏆Residential: The top residential deal recorded was for two condominiums at Extell Development Group’s 50 West 66th Street in Lincoln Square. The buyer was UBS executive Scott Stackman, who dropped just under $20 million on the combined units, which together measure 7,000 square feet. Corcoran’s Hilary Landis and Beth Benalloul had the listing.
🏆Commercial: The top commercial real estate deal recorded in New York was snack company Frito-Lay’s sale of its warehouse complex at 1101 Oak Point Avenue in Hunts Point. A company tied to Bridge Investment Group paid $37.6 million for the site, which Frito-Lay had owned since the 1980s.
📊Commercial: The Richman Group Capital Corporation offloaded almost all of their stake in two adjoining apartment buildings at 149-20 90th Avenue and 90-10 150th Street in Jamaica, Queens. The buyer was the Immaculata Hall Housing Development Fund Corporation, which paid $10.5 million for 99 percent interest in the properties. Combined, the buildings have 106 residential units. The site provides affordable housing and social services to those with mental illness and substance abuse disorders.
📊Commercial: In the Upper East Side, a four-story mixed-use building traded hands for $8.8 million. The seller of the property at 1374 Third Avenue was a company that had owned it since 1976. The buyer was KMK NY Inc. The building spans about 10,500 square feet and has 12 apartments.
📊Residential: Grace, Louis and Pansy Wang sold a condo at 25 Columbus Circle to a trust linked to Jeffrey Gates, managing partner at Gates Capital Management. The price was $4.1 million. The Wangs purchased the Lincoln Center unit in 2004 for $2.6 million. The two-bedroom residence spans about 1,400 square feet, pricing the deal at under $3,000 per square foot. Douglas Elliman’s David Glick had the listing.
📊Residential: Nina Bottomley, the great-granddaughter of a founder of Gulf Oil, sold a duplex at 3 East 77th Street in the Upper East Side for $4 million. The buyer was a trust, with Jacqueline McCoy as trustee. Two connected staff rooms were also part of the deal. Brown Harris Stevens’ Abigail Lash represented the seller, who put the residence up for sale in January 2024 for $5.3 million.
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