There were 268 deals, totaling about $453 million, recorded in New York City on Wednesday, July 16.
🏆Residential: The top residential sale recorded in New York was for a condominium in the Woolworth Tower in Tribeca. Daniel Glaser parted with a unit at 2 Park Place for $7.5 million. The buyer was S&Y Properties LLC. Glaser purchased the 3,200-square-foot pad for $9.3 million in 2019, then listed it for sale in 2023 for just under $10 million. The latest deal works out to about $2,300 per square foot. Serhant’s Krista Nickols, Ryan Serhant, Noah Kollar, and Jake Dunsmore had the listing.
🏆Commercial: The priciest commercial transaction recorded in New York was in North Williamsburg, where a six-story, mixed-use multifamily building at 190 Berry Street traded hands for $55.7 million. CIM Group and Osiris Ventures purchased the property from LENY Group, which had put the site into bankruptcy proceedings after the Israeli firm defaulted on its $70 million mortgage. The property has 40 residential units. Eastdil Secured’s Gary Philips, Will Silverman and Jeff Organisciak represented the seller.
📊Commercial: The 173,000-square-foot office landmarked post office building at 558 Grand Concourse in the Bronx exchanged hands for $44 million. The buyer was Jorge Madruga’s Maddd Equities. Youngwoo & Associates and California-based Bristol Group hoped to turn the Art Deco-era property into a food-and-office complex, but never finished the plan. The firm put it on the market, seeking $70 million. Avison Young’s James Nelson had the listing.
📊Commercial: An affiliate of Madison Realty Capital and an entity linked to Dror Rosenfeld offloaded a rental property in Noho at 17 Bleecker Street for $12 million. The buyer was a company tied to David Khaloyan. The sellers had owned the seven-story-tall property since 2011, when they bought it for $5.5 million. The building has 13 apartments and spans about 17,000 square feet, pricing the deal at roughly $700 per square foot.
📊Commercial: In NoMad, a five-story office building at 33 West 26th Street and a mixed-use property next door at 35 West 26th Street were turned over to their lender for $10.6 million. The prior owners were companies linked to Osman Bessa. JYBGAD LP took over the properties’ mortgage last year, though a foreclosure action was filed in 2023 by a prior lender, Bethpage Federal Credit Union.
📊Residential: Actress Ellie Kemper, known for TV comedies like “The Office” and “Unbreakable Kimmy Schmidt,” and her husband, TV writer and producer Michael Koman, shed their four-bedroom co-op at 320 Central Park West along Central Park on the Upper West Side for $7.5 million. The buyers were Alan and Laura Lewis Mantell. Alan Mantell is the founder of consultancy firm Mantell Advisory LLC and Laura Lewis Mantell is a doctor turned personal coach. Douglas Elliman’s Ann Cutbill Lenane and Gregory Williamson represented Koman and Kemper.
By the Numbers: Which States Have High Mortgage Rates?
Mortgage rates remain stubbornly high across the country. But one state takes the crown for having the lowest rate in the nation: New York.
The average 30-year, fixed-rate mortgage rate in the Empire State is 6.69 percent, according to data from Investopedia.
The other states with the lowest rates line the coast and sit below the national average of 6.87 percent: New Jersey (6.82 percent); California (6.82 percent); and North Carolina (6.83 percent).
