There were 157 transactions, totaling $227 million, recorded in New York City on Thursday, Aug. 28, 2025.
🏆 Residential: The West Village nabbed the top recorded residential deal in the city. A townhouse at 85 Charles Street changed hands for $11.5 million. The sellers were Cathleen Foley Glover, a real estate agent, and Paul Glover, managing director of an investment banking firm. The buyers were Struan and Emilie Pires. Struan Pires is managing director of an executive search firm and Emilie Pires is a communications specialist. The residence stands five stories tall and has about 4,900 square feet of interior space, five bedrooms and four full bathrooms and two powder rooms. The 20-foot-wide home dates to 1868 and was the site of the former Peter Warren and Abraham Van Nest Estates. The Glovers paid $4.1 million for the property more than two decades ago; it has been on and off the market at least since 2013, according to StreetEasy. The home’s most recent asking price was just under $13 million. Compass’ Rachel Glazer had the listing.
🏆 Commercial: The city’s top recorded commercial deal was in Times Square. Xin Capital paid $31 million for the retail and office portions of 303 West 42nd Street. The sellers were several LLCs tied to Blake Partners, which paid $17.8 million for the condos in November. White Oak Real Estate Capital provided a $51 million senior secured loan for the purchase. The property has 17,500 square feet of ground-floor retail and 127,000 square feet of office space.
📊 Residential: In the Upper West Side, Wade Davis, vice chairman of the board at TelevisaUnivision, and Dr. Jennifer Mascarenhas, an anesthesiologist, offloaded a 5,800-square-foot townhouse at 163 West 87th Street for $9.2 million. The sellers purchased the property, which has six bedrooms, an elevator, three terraces and a roof deck, in 2006 for $3.4 million. The home went on the market in May with Brown Harris Stevens’ David Kornmeier for $9 million. Atanas Atanasov and Min-Hua Chen were the buyers.
📊 Residential: A condo at 150 West 12th Street in Greenwich Village traded for $7.3 million. The buyers were a trust tied to financier Michael Beckwith and his wife Kirsten Beckwith, and the seller was a company managed by Craig M. Bernfield, once the CEO of Aviv REIT, which merged with Omega Healthcare Investors a decade ago. The Bernfield-linked LLC paid $6.5 million for the unit in 2017.
📊 Commercial: In Gowanus, Domal Transportation Services shed a one-story warehouse at 264 Butler Street for $15.3 million. The buyer of the roughly 17,400-square-foot building was Yitzchok Katz of Goose Property Management. The deal works out to about $880 per square foot. Domal had owned the property since 1980. The property is adjacent to another site, a plot of vacant land, along Third Avenue that Katz bought in November for $22 million.
📊 Commercial: A seven-story office building at 249 West 34th Street in Midtown sold for $6.6 million. The seller, who appears to have owned the building for at least 30 years, was Penn Metro Associates LLC. The buyer was a Flushing-based LLC. The building measures nearly 14,700 square feet. The deal pencils out to about $450 per square foot.
By the Numbers: Boom in refinanced resi loans drives mortgage origination bump
Residential loan originations — by count and dollar amount — rose year over year in the second quarter, largely driven by a surge in homeowners opting to refinance their mortgages rather than getting loans for new home purchases.
There were 1.8 million loan originations across the country in the second quarter, up 6 percent compared to the same period last year, according to a report from real estate data provider Attom. The dollar amount totaled about $602 billion, a 10 percent year-over-year increase.
Refinancing deals climbed 24 percent during this time, while purchase loan originations fell by 5 percent.
Home equity lines of credit also grew, by 5 percent year over year.
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