There were 174 transactions totaling $452 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, March 5, 2026.
🏆 Residential: The priciest home sale to hit records was on the Upper West Side, where trusts tied to Arnold Chavkin, a private equity executive, and Laura Chavkin picked up a co-op at 147 Central Park West for $14.7 million. The seller was a trust linked to Brett Milgrim, also a private equity executive, who purchased the unit in 2016 for $21.5 million. The unit has three bedrooms, four and a half baths and a private elevator landing.
🏆 Commercial: The top commercial deal recorded was in Flushing, where the Union Plaza Care Center, a skilled nursing and rehabilitation center built in 1996, at 33-23 Union Street traded for $75 million. The seller of the nine-story, 146,000-square-foot property was an affiliate of Marx Development Group, and the buyer was a company tied to nursing home owner Joel Leifer.
📊 Commercial: In Cobble Hill, a 20–story, mixed-use building at 350 Hicks Street changed hands for $33.2 million, a nearly $20 million loss compared to its prior trade price. The seller was an LLC tied to Madison Realty Capital, which acquired the 48-apartment, 146,000-square-foot complex in 2022 for $53. The buyer in the latest deal was an LLC tied to Linzhong Zhuo.
📊 Residential: Attorney Timothy Graulich and Mindy Graulich purchased John Steinbeck’s townhouse at 330 East 51st Street in Turtle Bay for $6.85 million. The sellers were Drs. Steven and Heidi Mandel. Another seller was the entity 350 E 51 Realty LLC, which paid $7.9 million for the property in 2007. The five-bedroom residence measures 6,300 square feet. It went on the market in September, with an asking price of $6.99 million. Douglas Elliman’s Ann Marie Folan, Jeremy Drucker and Claudia Hason had the listing.
By the Numbers: Mortgage applications jump as rates dip below 6%
Residential mortgage activity continued its upward climb last week, as borrowing costs dipped below the 6-percent threshold for the first time in nearly four years and borrowers took advantage of the fleeting window of opportunity.
There was a 12.1 percent weekly jump in new mortgage applications across the board, according to the latest survey from the Mortgage Bankers Association, which looked at loan activity for the week ending Feb. 27. The number of applications also was up 23.1 percent from four weeks prior and a striking 53.1 percent year over year.
If you like this digest, you can get it even earlier — every evening — by subscribing to TRD Data, here.
