New York Top Real Estate Deals: Thursday, Aug. 21
🏆 Residential: A pre-war triplex in Lenox Hill marked the top residential deal recorded in the Big Apple. Lois Chiles, a model and actress who starred opposite Roger Moore in the 1979 installment in the James Bond franchise, “Moonraker,” sold the three-level co-op at 953 Fifth Avenue for $12 million to a trust tied to Jacqueline McCoy. The three-bedroom co-op has a private elevator landing, wood-burning fireplace and terrace. The unit first went on the market in March 2024 with an asking price of $18 million. Compass’ Lib Goss, Julie Wurts and James Hall represented Chiles.
🏆 Commercial: The top commercial deal recorded in New York was the closing of Miki Naftali’s acquisition of 800 Fifth Avenue for $810 million. The sellers were Eliot Spitzer and the Winter Organization. The 33-story rental building has 208 units, and JPMorgan provided a $675 million loan for the purchase. Naftali, whose partners include high-net-worth families from Mexico, Japan and Israel, plans to tear down the tower and replace it with a new one.
📊 Residential: New York Police Department commissioner and billionaire heiress Jessica Tisch offloaded a four-bedroom co-op at 9 East 79th Street on the Upper East Side for $10.5 million. The buyer was John Berger. The duplex measures about 4,000 square feet, pricing the deal at more than $2,600 per square foot. The unit first went on the market last year for $13 million. Corcoran’s Deborah Grubman, David Adler and Paul Albano had the listing.
📊 Residential: On the Upper West Side, Cathleen Price Seaman scooped up a nearly 2,900-square-foot, three-bedroom unit at The Apthorp at 390 West End Avenue for $5.4 million. The seller, Down York Enterprises Ltd., paid just under $4 million for the pad in 2010. The latest transaction works out to about $1,900 per square foot. The latest asking price was just under $5.7 million. Douglas Elliman’s Jamie Safier and Kim Shepard had the listing.
📊 Commercial: A Park Slope brownstone traded for $5.5 million. The sellers of the two-family home at 461 11th Street were Avishy and Laura Fisher, and the buyers were attorneys Kevin Trowel and Sidney Bashago. The Fishers paid just under $3 million for the townhouse in 2021. The latest transaction appears to have been an off-market purchase.
By the Numbers: These Hamptons firms dominate with fewer, but pricer, home sales
For some Hamptons brokerages, it’s about value — not volume.
Among the brokerages with the greatest residential sales volume in the Hamptons, three firms handled the fewest deals that were, on average, the priciest.
Bespoke Real Estate closed 48 sales in the Hamptons over the past year, but the average price of those deals came in at about $11.2 million. That’s the highest average prices among the top 10 real estate firms, by deal volume, on The Real Deal’s annual ranking of Hamptons brokerages.
Correction: The top commercial real estate transaction in yesterday’s newsletter inaccurately described the nature of the deal. Here are the corrected details:
The top commercial real estate transaction recorded in the Big Apple was for a five-story office building in Soho. 7G Group, led by Jon Krasner, last year purchased a defaulted note on a 17,000-square-foot property at 123 Lafayette Street then filed a foreclosure action. The company reached an agreement with the building’s owner, an affiliate of First Atlantic Capital, to transfer the property’s deed to 7G. The foreclosure settlement was $21.8 million. The First Atlantic entity bought the site in 2016 for $33.5 million with a $16 million mortgage from Signature Bank. Harvey I. Krasner and Danielle Buckhardt of Warshaw Burstein represented the buyer in the deal.
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