There were 213 transactions totaling $386 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, Feb. 3, 2026.
🏆 Residential: The top home sale recorded in the Big Apple was for a 3,000-square-foot condo at 212 Fifth Avenue in NoMad that sold for $11.8 million. The seller was Violet Properties, LLC, which had purchased the unit for $11.7 million in 2017. The buyer in the latest sale was PR212 LLC, and the transaction pencils out to about $3,900 per square foot. The unit has three bedrooms, three and a half bathrooms and 52 feet of frontage on Madison Square Park. The seller listed the condo in February, seeking $12.5 million. J. Chris Sousa with Sousa Real Estate had the listing.
🏆 Commercial: The priciest commercial real estate transaction to hit records was in Nolita, where two rental properties with ground-floor retail and a total of 12 apartments at 236 and 242 Elizabeth Street, changed hands for a combined $22.3 million. The sellers were Ronald and Cecilia Ervolino, who had owned the buildings for almost two decades, and the buyer was Targo Capital Partners.
📊 Commercial: In Queens, the Israel Cohen Family Limited Partnership offloaded two commercial buildings, at 42-71 and 42-73 Hunter Street in Long Island City, for $10.2 million. The buyer was an LLC managed by Ke An Chen and Xin Xian Lin. The properties had been in the Cohen family since the 1960s and 1970s.
📊 Commercial: Great Neck, New York-based landlord Bahram Hakakian picked up an apartment building at 791 Broadway in Greenwich Village for $8.3 million. The seller, landlord Bijan Nassi, purchased the property in 2009 for $5.8 million. The six-story rental building has 10 units and dates to 2010. It does not appear to have any vacancies, though a two-bedroom apartment was on the market in September for $5,650 per month, according to StreetEasy.
📊 Residential: Gary Barnett’s Extell Development Company sold a sponsor unit at 50 West 66th Street in Lincoln Square. The buyer, Sea Trails 66 LLC, tied to James Kennedy, paid $10.2 million for a four-bedroom unit with four and a half baths. It measures about 3,200 square feet; the deal comes out to roughly $3,200 per square foot.
📊 Residential: Anthony Berritto, a real estate investor, sold a penthouse at 78 Laight Street in Tribeca for $9.3 million. The buyer was Carlito Wolf LLC. Berritto had owned the 3,100-square-foot, three-bedroom condo since 2016, when he purchased it for $8.7 million. The full-floor unit has two and a half bathrooms, floor-to-ceiling arched windows and views of the Hudson River. It also has a landscaped roof terrace. Corcoran’s Dana Power and Max Nehrig had the listing. The home had been on and off the market since 2020; its most recent asking price was $9.5 million.
📊 Residential: Extell sold another sponsor unit at its luxury Lincoln Square development, 50 West 66th Street. The buyer, an LLC tied to Hardik Shah, purchased a 3,200-square-foot pad for $8.8 million. The deal works out to about $2,800 per square foot. The unit has four bedrooms and four and a half baths.
📊 Residential: Yang Jiao and Xiangheng Liu dropped $7.2 million on a condo at The Henry Residences at Naftali Group’s 211 West 84th Street on the Upper West Side. The four-bedroom unit spans just over 2,800 square feet, pricing the transaction at roughly $2,500 per square foot. Compass’ Alexa Lambert, Alison Black and Lib Goss had the listing, which had an asking price of $7.1 million.
By the Numbers: US apartment vacancy rate rises, with widening urban-suburban gap
The gap between rental vacancies in cities and their suburbs is widening.
The vacancy rate for urban rental units came in at 7.6 percent in the fourth quarter, compared to 6.9 percent in the suburbs, according to newly released data from the U.S. Census Bureau.
Those fourth-quarter rates, for both city and suburban rental units in metropolitan statistical areas — most of which are likely apartments — were higher than they were in the fourth quarter of 2024. However, the rate for city units rose at a greater clip (by 40 basis points) compared to suburban units (by 20 basis points), indicating that there could be an increasing demand for rentals outside of urban cores. Or, as has been the case in many Sun Belt cities in particular of late, cities are continuing to wrangle with an oversupply of apartments.
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