There were 164 deals totaling about $626 million recorded across New York City on Friday, Aug. 22, 2025.
🏆 Residential: The top home sale recorded in New York was in Tribeca. A trust tied to Baruch Travitsky, CFO at Cambridge Resources, dropped $13.3 million — its asking price — on a condominium at 443 Greenwich Street. The seller was an LLC that paid just over $8 million for the pad in 2018. The three-bedroom unit spans just over 3,000 square feet and went up for sale in May with Douglas Elliman’s Claudia Saez-Fromm and Mark Fromm. The deal pencils out to more than $4,400 per square foot.
🏆 Commercial: An East Williamsburg industrial property marked the top commercial deal recorded in the city. The two-story building, at 165 Woodpoint Road, traded for $4.6 million. The seller was a company connected to John Ricci of Morganville, New Jersey, and the buyer was an LLC tied to Marzena Wawrzaszek, a real estate agent at Serhant. The property spans more than 6,800 square feet and had been in the Ricci family for decades. The latest deal works out to over $670 per square foot.
📊 Residential: Real estate investor and developer Trace McCreary parted with a co-op at 1220 Park Avenue in Carnegie Hill. The buyers, Frank and Allison Stadelmaier, paid $8.5 million for the unit. Frank Stadelmaier is the chief operating officer of the credit businesses at TPG Angelo Gordon. McCreary had owned the residence, which has five bedrooms and four bathrooms across 4,000 square feet, for 20 years, buying it for $7.4 million. Brown Harris Stevens’ Amanda Brainerd and Gerard Ryan had the listing, which went live in March. The co-op also was on the market in 2012 but was taken off in 2013, according to StreetEasy.
📊 Commercial: In Prospect Heights, a two-family home with a 70-foot garden changed hands for $3.8 million. Abraham and Davella May sold 272 Prospect Place to Marie Crossan and Christopher McEntee. The Mays purchased the townhouse in the late 1970s. It went on the market in May for just under $3.7 million. Erica Sullivan with LREB represented the sellers.
By the Numbers: Manhattan leads NYC in empty homes
Manhattan has the greatest share of empty homes among New York City’s boroughs.
Nearly 1,400 out of Manhattan’s 122,000 homes — 1.2 percent — are vacant in the Big Apple’s third most populous county, a figure relatively unchanged from the same time last year, according to a third-quarter analysis of Attom data by The Real Deal.
That’s in line with the national vacancy rate of roughly 1.3 percent, which covers some 1.4 million homes and also has remained fairly constant for more than three years, according to Attom.
The Bronx had the second-highest vacancy rate among the boroughs. About 840 out of nearly 76,500 are empty, or 1.1 percent.
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