There were 188 transactions totaling $322 million filed in New York City records in the 24 hours before 4 p.m. on Friday, July 17.
🏆Residential: The most expensive recorded home sale was in the East Village, where Elizabeth Martin scooped up a four-bedroom condo at 80 East 10th Street for $7 million. The sellers were Aishwerya and Sanjeev Bahl, who had purchased the 2,500-square-foot pad in 2020 for $6.4 million. The latest sale breaks down to about $2,800 per square foot.
🏆Commercial: The top commercial deal to hit records was in Midtown, where a hotel known as The Blakely at 136 West 55th Street traded for $38.5 million. The seller was Richard Born’s BD Hotels and the buyer was an LLC tied to Fattal Hotel Group. The hotel stands 16 stories tall and has 119 rooms.
📊Commercial: In Greenpoint, the building housing former art gallery Farschou New York at 148 Green Street changed hands for $25.6 million. The seller was a company managed by Pascal Zaugg and the buyer was an LLC linked to Jakov Telyas. The one-story building last sold in 2017 for $18 million.
📊Residential: In Park Slope, Steven and Lauren Pilgrim purchased a brownstone at 426 8th Street for $6.2 million, its asking price. The seller was a trust with Kathleen Cahill and Elizabeth Watters as trustees; the home had been in the Cahill family since the 1960s. The four-story, 20-foot-wide townhouse is configured as a duplex and went on market in March. Corcoran’s Jackie Torren, Charlie Pigott, Jennifer Wang and Nathalie Roy had the listing.
By the Numbers: Pending home sales fall in June as market momentum fades
The U.S. housing market is shaping up to have a lackluster summer.
Pending home sales, a measure of deals that went into contract, dipped 0.3 percent this June compared to last, according to the National Association of Realtors. They fell by 5.4 percent compared to the month before.
Spring was fairly strong for home sales, noted Joel Berner, a senior economist at Realtor.com. The latest pending sales, a preview of deals that will close in a month or two, signal a weakening market as financing costs remain high.
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