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NYC Real Estate Moves July 1 | Real Estate News
Description
New York’s real estate market is buzzing with big-ticket deals—over 218 transactions netting $340 million. The Flatiron District saw a $28M office purchase, while Jamaica’s two properties closed for $17.3M. Residential highlights include a Park Slope townhouse flipping for $9.5M (up from $7.3M in 2022) and a UWS condo sold for $7.5M—though the seller took a $23K/sq ft loss after buying it in 2014. Across 15,000 deals, citywide median resale gains hit $70K, with outer borough sellers cashing in—except Manhattan, where sellers barely broke even.
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