There were 136 transactions totaling $358 million filed in New York City records in the 24 hours before 4 p.m. on Friday, May 8, 2026.
🏆 Commercial: The top commercial real estate transaction to hit records was in Chelsea, where the Corlears School sold its four-story, 19,800-square-foot property at 324 West 15th Street for $19 million as it shifts to focusing on early childhood education. The buyer was a partnership led by Gabriel Saffayeh, Robert Saffayeh and Elie Fouerti, according to PincusCo. The deal breaks down to about $960 per square foot.
🏆 Residential: The priciest home sale was in Greenwich Village, where a condo at 130 West 12th Street changed hands for $8.8 million. The seller was Petri Haussila and the buyer was AMS1989 LLC. Haussila purchased the unit in 2012 for $5.3 million. The unit spans about 2,400 square feet and has three bedrooms and three and a half bathrooms, according to a former listing for the unit. The latest deal, which breaks down to about $3,700 per square foot, appears to have been off market.
📊 Residential: Matthew Goodman dropped $6.8 million on a rebuilt, four-story, 4,500-square-foot townhouse at 94 Douglass Street in Boerum Hill. The seller, a company managed by Omri Bar-Mashiah of Minerva Capital Holdings, purchased the residence in 2021 for about $2 million. It has five bedrooms, four full bathrooms, three half baths, a private rooftop deck, a terrace and a cellar. Nadia Bartolucci and Alex Tsao with Douglas Elliman had the listing. The home’s most recent asking price was just under $7 million.
📊 Residential: Kelley Cornish purchased a condo at 720 West End Avenue on the Upper West Side for just under $5 million. The residence, a sponsor unit, spans about 2,200 square feet and has three bedrooms and three and a half bathrooms. The sale works out to roughly $2,300 per square foot. Corcoran is marketing the property, which was developed by Glacier Equities and InterVest Capital Partners.
By the Numbers: Pandemic boom markets face a new affordability squeeze
Some of the country’s pandemic boom markets are getting hit from both sides: home prices are falling, but the cost of owning those homes keeps climbing.
Last year, the U.S. saw record-high home prices that have since begun to moderate, bringing the housing market more into balance, according to some economists. But in parts of the Sun Belt, where the pandemic-era buying frenzy sent values soaring, homeowners are now feeling another delayed effect as local governments and insurers catch up to those peak prices.
The affordability squeeze is more apparent in Tampa, where the median sales price fell nearly 4 percent year over year in 2025 to more than $355,000, according to data from research firm Attom. That was the steepest annual drop among the country’s most populous metro areas. At the same time, Tampa’s effective tax rate soared 13 percent, the ninth-highest increase.
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