Episode Details

Big moves in NYC real estate this week: The Reuben brothers cashed out a luxe Upper East Side condo at The Surrey for $25.7M—over $5K/sq ft. Meanwhile, a Midtown South office-to-residential conversion at 325 Fifth Ave sold for $17M to a Rabizadeh-linked firm, after being bought for nearly $24M a decade ago. In SoHo, a 3,000-sq-ft, four-bedroom gem at 40 Mercer St hit the market for $13.3M, complete with a private pool terrace. And on the big-picture front, NYC’s ambitious plan to convert 7.4M sq ft of office space into 121,000 new apartments—mostly in Manhattan—is underway, but its real-world impact remains to be seen.

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