There were 217 deals, totaling about $430 million, recorded in New York City on Monday, August 4, 2025.
🏆Residential: The top residential sale recorded in New York City was in the West Village. With Appreciation LLC dropped $17.7 million on a 19th-century, Greek Revival townhouse at 246 West 12th Street. The seller was a company tied to Jonathan Chen, who paid $8.5 million for the home in 2018. The residence stands five stories tall and has 5,100 square feet of living space and about 1,500 square feet of exterior space. The deal appears to have been off market.
🏆Commercial: The priciest commercial transaction recorded in the Big Apple was sold by the Catholic Church. The Roman Catholic Church offloaded a church and two religious facilities at 329, 341 and 343 West 25th Street in Chelsea for $48.3 million. The buyer was an affiliate of Timber Equities, who took on a $33 million mortgage from NEG Financing 4 LLC. Timber Equities plans to raze the site for redevelopment, according to Commercial Observer. JLL’s Guthrie Garvin and Jonathan Hageman marketed the site, touting it as one of the next residential conversions in New York.
📊Residential: Jake Gyllenhaal parted with a three-bedroom condominium at 443 Greenwich Street in Tribeca for $14 million. The Academy Award-nominated actor paid $8.6 million for the pad in 2017. The new buyer is an LLC with an address in Los Angeles. The unit spans 2,900 square feet, pricing the deal at more than $4,800 per square foot. The sale appears to have been an off-market deal.
📊Residential: Liam Neeson sold his place at the Park Millennium building at 111 West 67th Street in Lincoln Square for $10.3 million. The buyers were Martin Zetterberg and Joanmarie Land Zetterberg. The residence spans 4,500 square feet and has five bedrooms and five bathrooms. The property’s most recent asking price was about $10.8 million. Coleman Real Estate Group’s Matthew Coleman had the listing, which first went live in February with an asking price of $12.8 million.
📊Commercial: In the Flatiron District, a development site at 10 West 17th Street traded hands for $16.2 million. The seller was an affiliate of Anbau and the buyer was an affiliate of Prosper property Group, which took on $11 million in financing for the deal from a company tied to Northwind Group. The seller bought the site, now vacant, a decade ago from the Catholic Medical Mission Board, and reportedly had planned to build a 17-story residential tower there.
📊Commercial: The New School sold a townhouse at 21 West 11th Street in Greenwich Village for $10.3 million — about half its original asking price. The 20-foot-wide property dates to 1850 and stands five stories tall. The New School put the home on the market in March 2024 for $20 million. Leslie J. Garfield’s Matt Lesser, Matt Pravda, Tori Landon and Matthew Lipsky represented the seller. The buyer was a trust connected to Michael B. Benner, general counsel at real estate firm Tishman Speyer.
By the Numbers: U.S. construction spending drops amid economic uncertainty
The U.S. construction slowdown persisted in June, as the industry pulled back on shelling out money for new projects for the second month in a row.
In June, construction spending came in at $2.1 trillion — down 0.4 percent from May and 2.9 percent year over year, according to new figures released by the U.S. Census Bureau.
For the first half of the year, construction has been 2.2 percent lower compared to the same time last year.
