There were 224 deals, totaling about $337 million, recorded in New York City on Monday, July 14.
🏆Residential: The top residential sales recorded in New York was a tie, with two deals around $5 million.
V11E LLC purchased a condominium at 302 West 12th Street from a company named after that address. The seller paid $4.1 million for the West Village pad in January 2024 then put it on the market in March for its sale price. Sotheby’s International Realty’s Brad Ingalls, Brendon O’Rourke, Emrah Akyildiz and Gil Khoury had the listing. Compass’ Michael Koeneke brought the buyer.
The other $5 million sale was for a unit at 30 Front Street, known as the Olympia Dumbo, which was developed by Fortis Property Group. Ryan Watkins was the buyer of the 2,300-square-foot sponsor unit. The residence’s initial asking price, from 2022, was just over $5 million. Sotheby’s International and Douglas Elliman are leading sales at the development.
🏆Commercial: The priciest commercial sales recorded in New York was also a tie between two deals for around $31 million.
UPS sold a warehouse at 49-10 27th Street in Long Island City to an affiliate of San Francisco-based Terreno. The delivery company had owned the site for decades.
In North Williamsburg, Aba Realty Management LLC, managed by Jacob Lerman and Morris Lerman, parted with a two-story retail property at 88 North Sixth Street and a three-story mixed-use building at 169 Wythe Avenue. The buyer was an affiliate of Empire State Realty Trust. The Lermans also had owned those buildings for decades.
📊Commercial: In Kew Garden Hills, a one-story retail building at 67-03 Main Street traded hands for $7 million. The sellers were two LLCs, one managed by David Sedgh and the other by Jeffrey Brandler and had owned the property since 2012, when they paid $4.3 million for it. The buyer was 67 GZ Centers LLC.
📊Commercial: A 23-and-a-half-foot wide townhouse at 93 Eighth Avenue in Park Slope sold for $5.7 million. The seller was Helen Delamarter; the property had been in her family since the 1970s. The buyer was 93 8th Avenue LLC. The five-story property, which dates to the 1880s, is configured as a five-unit rental building but can be converted into a condominium or single-family residence, according to its listing. Douglas Elliman’s Ron Saltarrelli had the listing.
📊Residential: Highline Family Invest, LLC, which is linked to Mickael Ohana, offloaded a condominium at 245 10th Avenue in Chelsea. TR Chelsea Properties LLC paid $4.98 million for the unit, which last traded in 2014 for $4.8 million. The pad spans about 2,500 square feet, pricing the deal at about $1,980 per square foot.
By the Numbers: NYC’s Top Builders See Projects Shrink
The top builders in New York City are building fewer and smaller projects. That’s according to an analysis by The Real Deal of building permits issued in the Big Apple where the applicant is a general contractor between March 1, 2024, and March 1, 2025.
The top five builders — Monadnock Construction, Leeding Builders Group, Suffolk Construction, Aecom Tishman and Lendlease — remained the same year over year, though their places in the ranking shuffled.
The total estimated square footage of the projects greenlit by the city for these top companies came in at 19.3 million square feet in 2025. That is 13.9 percent lower than the year before. The number of issued permits also fell, by 43.8 percent, to 45.
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