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NYC Real Estate Hits Big This Week

NYC Real Estate Hits Big This Week

Published 1 month, 2 weeks ago
Description

New York City real estate just hit a major milestone with nearly 300 transactions totaling over $480 million. The biggest commercial deal? Shinko Co. snapped up a Lower East Side mixed-use building for $24 million — nearly triple its purchase price just months prior. On the luxury end, a jaw-dropping penthouse at One High Line sold for $23.5 million, just shy of its $24 million asking price. Meanwhile, a historic Brooklyn Heights brownstone from the 1860s — unchanged hands for 60 years — sold for $15 million. And on the Upper East Side, a full-floor Park Avenue co-op changed hands for $8.9 million, down from its $12 million purchase price in 2014. The market’s still buzzing — even amid all the noise.

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