There were 246 transactions totaling $550 million filed in New York City records in the 24 hours before 4 p.m. on Friday, March 27, 2026.
🏆 Commercial: Thor Equities logged the top commercial deal in New York by acquiring an office and retail building at 1165 Broadway for $56 million. The seller was an LLC tied to Sam D. Haddad. The property spans 58,000 square feet and is 100 percent occupied, according to Thor Equities. The deal works out to roughly $970 per square foot.
🏆 Residential: The top home sale recorded in the Big Apple was along Billionaires’ Row. Nuo Xu and Jian Shen scooped up a sponsor unit at Extell Development Company’s 217 West 57th Street, also known as Central Park Tower, for just under $24 million. The four-bedroom pad spans about 4,300 square feet, pricing the sale at roughly $4,600 per square foot. Corcoran’s Tim Rizzo and Gabriele Tonini had the listing.
📊 Commercial: In Chinatown, an office property at 168 Canal Street traded for $40 million. The seller was an LLC tied to Bethesda, Maryland-based ASB Real Estate, which acquired the six-story building in 2013 for $61.9 million. In the latest sale, the buyers were four LLCs tied to Joshua Mandelberger, Diana Carone, Keith Kantrowitz and Jennifer Fleming.
📊 Commercial: Fortis Property Group offloaded commercial space at 30 and 60 Front Street, the Olympia Dumbo, for $36.4 million. The space, two community facility units and a parking unit, span nearly 107,000 square feet. The buyer was an affiliate of G4 Capital Partners.
📊 Residential: A trust tied to billionaire Barry Diller scooped up a co-op at the Carlyle at 35 East 76th Street in Lenox Hill for $11 million. The seller was film producer Karen Pritzker, who is part of the family behind Hyatt Hotels, according to the Wall Street Journal. The unit, a duplex penthouse, has two bedrooms and two and a half baths. Sotheby’s International Realty’s Roberta Golubock had the listing. The unit went on the market in September with an asking price of just under $13 million.
By the Numbers: Tariffs, war keep pressure on construction costs
Tariffs that doubled midyear, a renewed spike in steel prices and the ripple effects of the war with Iran are offsetting any broader cooling in materials, leaving developers and homebuilders with little relief heading into 2026.
The Building Cost Index, a measure of labor and materials prices from the Engineering News-Record, rose 4.2 percent year-over-year in 2025, while the trade publication’s Construction Cost Index grew by 3.6 percent. (Both indices include pricing for steel, lumber and cement for non-residential construction. The BCI incorporates skilled labor wages, while the CCI uses common labor wages.)
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