There were 227 transactions totaling $356 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, July 15.
🏆Residential: The top residential sale to hit records was on the Upper East Side where a home at 110 East 78th Street sold for $14.5 million. Lawrence Creel, portfolio manager at Edgewood Management, and his wife Dana Creel were the sellers. The buyer was a trust. The pre-war home measures about 4,800 square feet with five bedrooms.
📊Residential: A Tribeca penthouse at 157 Chambers Street sold for $13.3 million. Hassan Elmasry, co-founder of Independent Franchise Partners, and his wife Rasha Mansouri Elmasry were the buyers. FG 143 Reade Penthouse LLC was the seller. The nearly 3,400-square-foot residence has five bedrooms and four and a half baths. It last sold in 2017 for $12.5 million.
📊Residential: Tiffany Cavallaro and Michael Keriakos, co-founder of Qui Tequila, parted with a condo at 56 Leonard Street in Tribeca for $7 million. The unit spans roughly 2,200 square feet, pricing the sale at about $3,200 per square foot. The sellers had owned the pad since 2017 when they purchased it for just under $6 million. The unit went on the market in March with an asking price of $7.7 million. Corcoran’s Steve Gold, Scott Hernandez and Michael Pinchasick had the listing. The buyer was Leonard Heights, LLC.
📊Residential: In Midtown, a sponsor unit at Vanke’s 100 East 53rd Street, known as the Selene, sold for just under $9 million. The buyer was East 53rd Street 57A LLC. With three bedrooms and three and a half baths, the home spans about 3,400 square feet. Corcoran is handling sales at the development
By the Numbers: Manhattan co-op prices climb as demand shifts
Manhattan co-ops may be having a moment.
In Manhattan, the median co-op sale price came in at $895,000 in the second quarter, an increase of 8.5 percent year over year, according to a TRD Data analysis of recorded home sales.
The increase for co-ops was higher than that of condos. The median price for condos in the borough inched up just 2.9 percent year over year; new development condos were up 7.6 percent.
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