There were 160 transactions totaling $311 million recorded in New York City over the past 24 hours before 4:00 p.m. on Tuesday, Oct. 7.
🏆 Residential: A mansion in Midwood marked the top home sale recorded in the city. Ayal Horovits, who leads Helm Equities, and Michele Bailey-Horovits parted with a detached single-family home at 809-815 Avenue J for $15.5 million. The property appears to be one residence that spans 4,500 square feet across two tax lots. The buyer was an LLC tied to Joseph E. Khezrie, of the family that founded the Jimmy Jazz stores. He is also director of investments at Jersey City, New Jersey-based CityView Commercial.
🏆 Commercial: The top commercial deal recorded in the Big Apple was on the Upper West Side, where two commercial condos sold for a total of $14.4 million. The largest was for a ground-floor, 1,700-square-foot unit at 210 West 77th Street that sold for $9.6 million — 145 percent more than its last trade price less than a decade ago. The sellers, LLCs tied to David R. Mashaal, purchased the unit in 2017 for $3.9 million. The other unit is at 221 West 77th Street, which the sellers bought for $2.7 million in 2020. The condos’ new owners are LLCs linked to Mark Hakim. The transaction pencils out to roughly $5,600 per square foot.
📊 Residential: Isaac and Claudia Saide scooped up a single-family home in Gravesend at 2173 East Fourth Street for $7 million. The seller was Jonathan Barnathan. The 10,300-square-foot home has been tied to the Barnathans for decades.
📊 Residential: Michael and Denise Fazio sold a four-bedroom condo at the Fischer Mills Building at 62 Beach Street in Tribeca for $6.6 million. The buyer was Jaan Holdings LLC. The Fazios had owned the unit since 2016, when they purchased it for $4.9 million. It went on the market in July for $6.2 million. The unit has exposed brick walls, wood-beamed ceilings and a chef’s kitchen. Leven Real Estate’s Philip Hordijk, Charlar Acar, Jeremy Hu, Mete Basakinci and Demetri Ganiaris had the listing.
📊 Commercial: JAM Real Estate Partners paid $5.3 million for a 17-unit apartment building at 333 East 81st Street in Yorkville. The seller was Alvaro Jinete, who had owned the property for decades. The building stands five stories tall and measures just over 9,000 square feet. There don’t appear to be any units on the market, but the asking rent for a studio a year ago was $2,500.
📊 Residential: Robert Meyers and Lauren Wagner dropped $4.5 million on a co-op — the unit’s asking price — at 21 East 87th Street that was sold by Mark London and Gayle Turk. The Carnegie Hill pad has three bedrooms and three bathrooms across 2,400 square feet. London and Turk purchased the residence in 2013 for $3.9 million; they put it up for sale in April. Compass’ Knight Patterson Meem and Simrall Meem had the listing.
By the Numbers: All-cash home sales slid from historic highs in 2025
The share of homes bought with cash slid further in 2025, thanks to institutional pullback and a buyer’s market taking hold across much of the country.
Cash purchases fell by 0.6 percent in the first half of the year compared to the same time the year before, according to a new report from Realtor.com. However, such sales are still above pre-pandemic norms, with the bulk of cash purchases happening at both the highest and lowest ends of the pricing spectrum, according to the listings platform.
In New York, 40.9 percent of homes were bought in cash in the first half of the year, down 12 percent year over year.
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