There were 208 deals, totaling about $473 million, recorded in New York City on Monday, July 21, 2025.
🏆Residential: The top residential sale recorded in New York City was on Billionaires’ Row. A new unit at JDS Development Group and Property Markets Group’s 111 West 57th Street sold for $19 million or roughly $4,200 per square foot. The buyer was not disclosed. When the full-floor unit hit the market in 2022, its asking price was $25.5 million. It was removed from the market and came back in June for $20.5 million. The 4,500-square-foot pad has a private elevator landing, three bedrooms and views of Central Park. A Sotheby’s International Realty team led by Nikki Field had the listing.
🏆Commercial: The priciest commercial transaction recorded was on the Lower East Side. The former Bowery Savings Bank at 130 Bowery sold for $20 million via a bankruptcy case. Michael and David Marvisi bought the building in 2017 for $33 million; they tried to sell it over the years but various deals fell through. The new owner is Ilya Zavolunov. Ripco’s Michelle Abramov represented Zavolunov in the deal. A Meridian team led by David Schechtman and Helen Hwang represented the bankruptcy estate and plan administrator.
📊Commercial: The New York City School Construction Authority paid $14.3 million for a neighboring parking lot, commercial property and single-family house in Bensonhurst. The properties are at: 7108 New Utrecht Avenue, 7120 New Utrecht Avenue and 1553 72nd Street. The seller was a company tied to David Maron of The Horizon Group.
📊Commercial: In Prospect Heights, an affiliate of Greenbrook Partners shed a multifamily property at 538 Carlton Avenue for $6.7 million. The buyer was Townhouse Rental II, LLC. The seller had owned the four-family building since 2022, when it paid $3.1 million for it.
📊Residential: An Upper East Side townhouse traded hands for $11 million. The seller of the 6,700-square-foot home at 180 East 75th Street was a trust tied to Hope and David Rothschild who bought the property in 2013 for $8.9 million. The buyer was a company named after the home’s address. The seller put the property on the market with Douglas Elliman’s Steven Cohen for just under $12.5 million in January. The home has seven wood-burning fireplaces, an elevator and landscaped garden.
📊Residential: The Witkoff Group sold a sponsor unit at One High Line at 500 West 18th Street in Chelsea. Lumia Investments co-founder Shaun Erin Bernier, angel investor Darren Charles Massara and Lumia One LLC paid $8.8 million for the unit, which had an asking price of $9.4 million. The condo spans about 2,600 square feet and has three bedrooms and three and a half baths. Corcoran’s Deborah Kern and Steve Gold had the listing.
By the Numbers: Floridian Cities Among Wealthiest in U.S.
Scarsdale, New York, a suburb of New York City, topped GOBankingRate’s list of the wealthiest U.S. suburbs for the second year in a row with the highest average household income in 2023, of just over $600,000. In May, the average home value in the Westchester County town was more than $1.2 million, a 3.2 percent jump from the year before.
Among the wealthiest suburbs in the country, California had the most municipalities — 17 — in the top 50, according to GOBankingRates.
Three Floridian suburbs made the top-50 list in terms of average household income: Palm Beach (No. 13), Pinecrest (No. 21) and Lake Butler (No. 40). Palm Beach had the highest average single-family home value of the top 50 suburbs of $10.3 million. However, that figure is down about 2.3 percent year over year.
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