There were 157 deals, totaling about $237 million, recorded in New York City on Wednesday, July 30, 2025.
🏆Residential: The top residential sale recorded in New York City was in Chelsea. David and Haejoo Kim parted with a townhouse at 204 West 21st Street for $7.7 million. The buyer was Delay Aurora, LLC. The Kims had owned the home since 2021, when they paid $7.6 million for it. The 22.5-foot-wide, four-story-tall townhouse has four bedrooms and was built in 1901. The Kims put it on the market in 2023 for $8.8 million. Sotheby’s International Realty Michelle Bourgeois and Gina Kuhlenkamp had the listing.
🏆Commercial: The priciest commercial transaction recorded was in Chelsea and Hell’s Kitchen. Saratoga Springs, New York-based Prime Group Holdings purchased two commercial buildings from Winter Properties for a combined $40.2 million. One of the properties was a parking garage at 550 West 25th Street, whose sale was valued at $25.2 million. The other was a 10-story office building at 599 11th Avenue that was built in the 1920s and sold for $15 million.
📊Commercial: A trust picked up an auto repair shop and neighboring lot at 1317 36th Street in Kensington, Brooklyn, for $13.5 million. The seller was a company tied to Jack Guttman’s Pearl Realty Management, who paid just over $8 million for the parcels in 2020.
📊Commercial: In Tribeca, the Nur Ashki Jerrahi Community shed a three-story mixed-use building at 225 West Broadway that the religious organization had owned for decades for $7 million. The buyer was a company managed by Julianne Straley. The property is home to Terra Winebar.
📊Residential: In Chelsea, a sponsor unit at 555 West 22nd Street, also known as The Cortland, is off the market for about $5.6 million. The buyer was a company managed by Charles Follini. The developers of the 25-story tower are Related Companies and Mitsui. The three-bedroom unit spans about 2,300 square feet. The deal works out to roughly $2,400 per square foot. Core’s Shaun Osher had the listing, which had been live since January 2024.
By the Numbers: U.S. home prices reach new high as market starts to cool
U.S. home prices hit another all-time high in May, though the growth rate continues to decelerate.
Prices rose 2.3 percent year over year that month, according to the S&P CoreLogic Case-Shiller Index, which was not adjusted for seasonality, released Tuesday.
May’s housing price index was the highest since the firm began the index in 1987.
However, in April home prices had climbed by 2.7 percent year over year, a figure that also was a decline from prior months’ growth. Month over month, prices across the country inched up by just 0.4 percent.
New York posted the greatest year-over-year growth in home prices in May among the country’s top cities, as prices rose by nearly 7.4 percent in the Big Apple.
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