🏆 Residential: The priciest residential deal recorded in New York was in Lenox Hill. A company managed by Uzi Ben Abraham, co-founder of Premier Equities, paid $12 million — the asking price — for a newly built, three-bedroom condominium unit at The Surrey Residences at 20 East 76th Street, which was developed by the Reuben Brothers. Douglass Elliman’s Michelle Griffith and Lauren Muss had the listing, which went live in September 2024. The unit spans more than 2,400 square feet, pricing the deal at roughly $5,000 per square foot.
🏆 Commercial: The sale of four commercial condominium units represented the top commercial deal recorded in the city. The New York State Housing Finance Agency and the State of New York Mortgage Agency dropped $18.1 million on the units at Rudin Management’s 641 Lexington Avenue in Midtown.
📊 Residential: A trust scooped up a sponsor unit at 35 Hudson Yards, which was developed by Related Companies and Oxford Properties Group. The price for the four-bedroom, 3,400-square-foot pad was just under $7.9 million, or roughly $2,300 per square foot. Corcoran’s Hottinger Team is marketing the development.
📊 Residential: Erin Moennich, former CEO of actress Reese Witherspoon’s clothing company Draper James, and Damian Ridealgh, a financial advisor, purchased a four-bedroom sponsor unit at 944 Park Avenue on the Upper East Side for $7.2 million from Balart 341 Corporation. The four-bedroom, full-floor condo spans more than 3,500 square feet and most recently has been on the market since 2023, though the seller had been trying to part with the residence since at least 2017, according to StreetEasy. Brown Harris Stevens’ Alina Pedroso and Katharine F. Tuckerman had the listing. The property was converted into a condominium in 1995.
📊 Commercial: A five-story, 17-unit apartment building at 410 West 22nd Street in Chelsea changed hands for $9.3 million. The seller was Abraham Daniels, and the buyer was Bedford Management Company. Daniels paid $8.5 million for the building in 2014. The building does not have any units on the market, but in August a studio’s asking rent was $3,750, according to StreetEasy.
📊 Commercial: The China Institute in America, a cultural center, offloaded two commercial condos at 40 Rector Street in the Financial District for $7.7 million. The buyer was an LLC tied to Albert Rabizadeh of Global Asset Management.
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