🏆Residential: The most expensive recorded home sale was in Nomad, where a condo at JD Carlisle Development and Fosun International’s 15 East 30th Street, known as Madison House, sold for $11.4 million. The buyer was Madison 59A LLC. The unit spans about 3,400 square feet and has four bedrooms and four and a half bathrooms. The deal breaks down to about $3,400 per square foot. Douglas Elliman’s Justin Tuinstra had the listing.
🏆Commercial: The top commercial deal to hit records was in Sunset Park, where a 13,700-square-foot commercial condo at 6025 Sixth Avenue changed hands for $29.5 million. The seller was an LLC tied to Leon Chen, and the buyer was the Sunset Park Health Council and Family Health Centers at NYU Langone, which already occupies the space. The center provides early childhood services, family strengthening services, older adult services and more.
📊Residential: In Lenox Hill, Christopher and Nina Evison purchased a co-op at 30 East 71st Street for $9.1 million. The seller was a trust tied to Stacey Kaye Bronfman, an art collector and ex-wife of Seagram heir Matthew Bronfman. The unit spans about 3,800 square feet and has four bedrooms and four and a half bathrooms, according to a 2018 listing for the property, which Kaye Bronfman purchased in 2018 for $9.2 million.
📊Commercial: In the Hamilton Heights section of Manhattan, an affiliate of Richmond Hill, New York-based Wavecrest Management parted with two, five-story-tall apartment complexes at 1704 Amsterdam Avenue, which has 35 apartments, and 504 West 145th Street, which has 20 units, for $19.2 million. The buyer was Metropolitan Realty Group, based in Great Neck, New York.
📊Commercial: In Brooklyn, an affiliate of The Jackson Group offloaded two properties at 2074 and 2080 McDonald Avenue for $18.6 million. The buyer was an affiliate of Atlanta-based Diamond National Investments. The building at 2074 is a commercial property standing two stories tall and spanning 18,700 square feet, and the other building is a one-story yeshiva measuring 7,500 square feet, according to city records.
By the Numbers: REITs outperform broader market in H1 2026
Real estate investment trusts in the first half of the year outperformed the broader market as interest rates remain elevated, largely thanks to strong operating fundamentals.
In the first and second quarters, the Nareit All Equity REIT index posted total returns of nearly 15 percent, according to data from Nareit, a REIT industry group. Meanwhile, the Russell 1000’s returns were 10.3 percent and the S&P 500’s was 10.2 percent.
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