There were 108 transactions totaling $157 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, May 13, 2026.
🏆 Commercial: The top commercial real estate transaction to hit records was in Long Island City, where a retail property at 39-39 Queens Boulevard sold for $11.2 million. The seller was an LLC managed by Kenneth Kerim, and the buyer was an entity tied to Yong Chen. The building spans 9,500 square feet, pricing the sale at roughly $1,200 per square foot.
🏆 Residential: The priciest home sale was in Murray Hill, where a Gilded Age townhouse at 123 East 35th Street sold for $15.9 million, about half its original asking price. The seller was Peori Corporation, which is led by billionaire Bassam Alghanim. The buyer was an LLC named after the property’s address. The home, built in 1903, last asked $16.5 million. It had been on and off the market since 2022, when it was listed for $33 million. It spans more than 11,600 square feet and has a 33-foot-wide lot. The Agency’s Mike Biryla had the listing.
📊 Residential: In Soho, a 3,600-square-foot penthouse at 63 Greene Street changed hands for $10.5 million or roughly $2,900 per square foot. Sean Baldwin and Kavita Hopf were the buyers. The seller was a trust tied to Serhant agent Jonathan Perrelli that had bought the unit in 2020 for $9.5 million. Perrelli, along with Chase Landow, had the listing. The four-bedroom, four-bathroom duplex went on the market in May for $11.5 million.
📊 Residential: Two Trees sold a sponsor unit at its Dumbo development, 60 Front Street, for just under $5 million. The buyer of the 2,200-square-foot pad was 2B4E LLC. The sale pencils out to roughly $2,300 per square foot.
📊 Residential: Joan Folwell parted with a 3,000-square-foot, two-family home at 303 Degraw Street in Cobble Hill for $4 million or about $1,300 per square foot. The buyer was an affiliate of Eli Scharf’s Habitat Living. The property, originally a factory, went on sale in December for $4 million. Michael Mayo with Carroll Gardens Realty represented Folwell, who had owned the property for nearly three decades.
By the Numbers: TRD’s top brokers: Independent firms thrive in Manhattan luxury
Compass, Corcoran and Douglas Elliman may dominate Manhattan residential sales by sheer scale, but some of the borough’s priciest deals flow through independent firms with a fraction of the agents.
While the city’s largest brokerages closed thousands of deals across Manhattan in 2025, independently-owned firms like Coleman Real Estate, the Modlin Group and Kleier Residential led the market in median sale price and year-over-year pricing growth, according to The Real Deal’s analysis of independent brokerages with fewer than 50 agents among the city’s top firms.
Some of the smallest firms generated outsized numbers. Coleman Real Estate had the highest median sale price amongst the top 25 firms at roughly $7 million. The Modlin Group generated $213 million in sales with just 14 Manhattan agents.
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