There were 210 deals recorded, totaling about $236 million, in New York City on Tuesday, July 1.
🏆Residential: The top residential sale recorded in New York City was for a $21.5 million condominium unit at JDS Development and PMG’s 111 West 57th Street along Billionaires’ Row. The sponsor unit went to Piranha Real Estate LLC. The unit spans about 4,500 square feet, pricing the deal at about $4,800 per square foot. Sotheby’s International’s Nikki Field took over sales at the luxury tower. When the firm put the unit back on the market earlier this year, its asking price was $23 million.
🏆Commercial: The top commercial deal recorded in New York was valued at $3 million. The Jewish Board of Family and Children’s Services sold a counseling center at 521 West 239th Street in the Riverdale section of the Bronx to The Riverdale Mental Health Association and Mosaic Mental Health. The three-story building, which dates to 2003, spans about 14,700 square feet. The deal works out to about $203 per square foot. CBRE’s Matthew Giordano had the listing.
📊Residential: In Carnegie Hill, a co-op at 1150 Fifth Avenue traded hands for $6.5 million. The seller, Eric Fagan, had owned the unit since 2006 when he paid $6.8 million for it. The buyers were Stephen Grynberg, an independent filmmaker and writer, and Susan Winfield, a psychotherapist.
📊Residential: Yan Moshe, real estate investor and hospital owner, dropped $5.7 million on a two-bed, three-bath penthouse at 230 West 56th Street, known as The Park Imperial. The seller of the nearly 2,000-square-foot pad was Kevin McGovern’s McGovern Capital, which bought the unit in 2007 for $6.4 million.
📊Residential: Landlord Joel Wiener, CEO of Pinnacle Group who recently filed for bankruptcy protection on behalf of entities that control 92 properties, and his wife Sherry parted with a penthouse at The Belgravia at 124 East 79th Street for $3.9 million. They had purchased the unit in 2003 for $2.7 million. The buyers were Declan Flannery, global controller international life at Chubb, and Miriam Connole, Chubb’s CFO. The Wieners listed the Lenox Hill condo, which has 2,300 square feet of indoor space and 950 square feet of outdoor space, for sale in May 2024 for $5.5 million. Modlin Group’s Amy Landy had the listing.
📊Residential: For just under $5 million, William Browne shed a co-op unit at 31 West 12th Street in Greenwich Village. The buyer was David Sweet, who paid the asking price for the three-bedroom residence. Browne bought the unit six years ago for $4.5 million. Compass’ Arielle D’Adamo and Clayton Orrigo represented Browne.
