There were 213 transactions totaling $289 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, May 28.
🏆 Commercial: In Greenpoint, the sale of a vacant plot of land at the corner of West and Milton Street traded for $25.6 million, representing the largest commercial deal to hit records in New York. The seller was an LLC tied to Jack Guttman of Pearl Realty Management, and the buyer was Seventy West Realty LLC. The property is across the street from another development site Pearl Realty recently sold to the Jay Group.
🏆 Residential: The West Village had the top home sale recorded in the Big Apple. Joan Ellen Behar parted with a townhouse at 193 Waverly Place for $8 million. The buyer was 193 Waverly LLC. Behar had owned the home since the 1970s, when she purchased it with Henry Behar. Built around 1845, the residence stands four stories tall and has five bedrooms and three and a half bathrooms, along with a garden. It went on sale in September with an asking price of $11.5 million. Brown Harris Stevens’ Helen Vanrhyn had the listing.
📊 Residential: Steven and Sarah Hershkowitz purchased a condo at Naftali Group’s 255 East 77th Street for $6.1 million, close to the asking price. The sponsor unit measures about 2,600 square feet, pricing the sale at more than $2,300 per square foot. It has four bedrooms and four and a half bathrooms. Compass’ Alexa Lambert, Alison Black and Shelton Smith had the listing.
📊 Residential: Mitchell Levine sold a co-op, a full-floor loft, at 100 Grand Street in Soho for $5.6 million — the listing price. The buyer was a trust with Albert and Manda Kalimian as trustees. The unit measures 2,800 square feet, pricing the sale at $2,000 per square foot, and has two bedrooms and two bathrooms. Compass’ Amy Mendizabal and Calli Sarkesh had the listing. Levine had purchased the unit in 2010 for $2.9 million; it went on the market in March.
By the Numbers: The mall is back — but only if it’s high-end
Is the American mall back?
A new report from Coresight Research says it could be — at least for high-end operators that have revamped their properties to bring in Gen Z-friendly tenants and top-tier experiences for visitors.
By mid-2025, the occupancy rate for malls hit 90.7 percent, up from a low of 85 percent in the first quarter of 2022, according to the report, which noted that demand for top space continues to outpace supply. However, leasing has been stronger in luxury malls, which recorded occupancy rates north of 95 percent last year, while non-top-tier malls saw an average occupancy rate of 90 percent.
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