There were 223 transactions totaling $333 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, June 10.
🏆 Commercial: The biggest commercial sale to hit records was for a commercial building and two parking facilities in the Bronx at 2244-2248 Westchester Avenue for $16.3 million. Companies tied to Clifton, New Jersey-based Arctrust sold the property to Jackson HT. Roosevelt Development. The building spans about 30,000 square feet and stands two stories tall.
🏆 Residential: The top home sale to hit records in New York was a Lenox Hill penthouse at EJS Development’s 200 East 75th Street on the Upper East Side for $19.7 million. Built in 2025, the sponsor unit measures about 4,900 square feet with five bedrooms, five and a half baths and two terraces. The buyer was 200 East 75th Buyer LLC. Alexa Lambert, Susan Wires and Marc Achilles with Compass handled the listing.
📊 Commercial: In Long Island City, a unit in Century Development Group’s Vesta condo building and attached parking spaces at 11-36 45th Road sold for about $11.8 million. The buyer was Radha Soami Society Beas-America, a religious organization. This seven-story building was built in 2025. Kayla Lee with Serhant is leading sales at the property.
📊 Residential: A co-op at 101 Central Park West on the Upper West Side changed hands for $8.7 million. The seller was the estate of Martin Starger, a TV executive and film producer who died in 2024. The buyers were Seth and Elizabeth Segel. The three-bedroom residence has three and a half bathrooms and measures 3,300 square feet. The sale breaks down to more than $2,600 per square foot. Douglas Elliman’s Ann Cutbill Lenane represented the seller, and Cathy Taub with Sotheby’s International Realty brought the buyers.
By the Numbers: Home ownership is a better financial move after six years
By some measures, it’s more expensive than ever to buy a home in the U.S. But it’s still cheaper than renting — if you can stay in that house for at least six years.
That’s according to a new report from Zillow, which found that owning a median-priced single-family home, valued at $368,720 and with a 5 percent down payment, pays off after 5.9 years compared to paying for a rental with a median rent of $1,951 per month. With a 20 percent down payment, the break even time frame is six years.
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