There were 157 deals, totaling about $237 million, recorded in New York City on Tuesday, July 29, 2025.
🏆Residential: The top residential sale recorded in New York City was in Carnegie Hill. A new condominium unit at Global Holdings Management Corp. and DDG Partners’ 180 East 88th Street changed hands for $13.2 million. The buyer was a trust. The full-floor pad spans more than 4,000 square feet and has four bedrooms and four and a half baths. Corcoran’s Michael Gordon had the listing, which initially went live in 2017 with an asking price of $16 million.
🏆Commercial: The priciest commercial transaction recorded was in Soho. An entity related to Epic, led by Steven Elghanayan in the U.S., traded all of its interest in a seven-story, 30,000-square-foot commercial property at 40-42 Thompson Street, which dates to 1928 and is also known as the Manhattan Brewery Building, for $25.4 million. Epic paid $16 million to Vornado Realty Trust in 2012 for the property, though it was unclear if Vornado retained an interest in the building. The buyer was 387 West Broadway Commercial LLC, which in January paid $16.5 million to the same Epic entity for all of the interest in a commercial condo at 73 Wooster Street.
📊Residential: Jed and Olga Sunden scooped up a three-family townhouse at 350 West End Avenue on the Upper West Side from a company tied to Robert and Francesca Odell, both attorneys, for just under $8 million. Jed Sunden founded a media company in Ukraine. The seller had purchased the five-story property in 2010 for $6.6 million. The 21-foot-wide townhouse was built in 1891 by architect Clarence True and has about 10,000 square feet of interior space. It first went on sale in January 2023 for just under $11 million.
📊Commercial: In the West Village, a mixed-use apartment building at 200 West 14th Street, also known as 62 Seventh Avenue, sold for $10 million. The seller of the five-story property was a company tied to landlord David Haselkorn, which had owned the site since 1997. The buyer was a company managed by Josef Chehebar, whose family owns the clothing chain Rainbow. The buyer financed the deal with a $6 million mortgage from the seller.
📊Residential: Jason and Kathryn Moscowitz parted with a condo unit at 71 Laight Street, known as the Sterling Mason. The buyer, an LLC linked to Tara and Daniel Wilf, paid $6 million for the Tribeca residence, which previously sold for $5.4 million. The unit, which went on the market in April for $6.2 million, has three bedrooms and three and a half baths across 2,400 square feet. The latest deal pencils out to $2,500 per square foot. Compass’ Ian Lefkowitz, Stephen Ferrara and Clayton Orrigo represented the sellers.
📊Residential: Nicholas Huang shelled out $5.8 million for a townhouse at 328 East 69th Street in Lenox Hill. The seller was a company tied to siblings Matthew and Alison Kaminer, who had owned the property for decades. The home had been on and off the market since at least 2019. It has five levels, four bedrooms and a private garage. Douglas Elliman’s Kim Shepard and Francesca Beldner had the listing.
By the Numbers: Average apartment rents are up, but growth is slowing
Apartment rents ticked up in June across the country, but the growth isn’t as strong as landlords would probably want.
The average asking rent in the U.S. rose by 0.2 percent month over month in June to $1,749, according to a report from commercial real estate data provider Yardi Matrix.
Compared to the same time the year before, the average rent is 0.9 percent higher, a growth rate below pre-pandemic times. From 2013 to 2019, asking rents climbed on average by 1.8 percent during the second quarter. And since most renting happens in the first half of the year, 2025 will likely pan out to be a weak year for rent growth, according to the firm.
Though demand remains strong for apartment rentals — particularly as home prices have never been higher — economic uncertainty, tariffs and immigration concerns continue to weigh on large swaths of the market.
New York City notched the fourth-highest growth rate for apartment rents. The average rent in the Big Apple rose 3.1 percent year over year.
