New York Top Real Estate Deals: Wednesday, July 29

There were 191 transactions totaling $640 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, July 29.

🏆Commercial: The biggest commercial sale to hit records was in Midtown, with Korman Communities’ takeover of BlackRock’s majority stake in three extended-stay hotels. The price tag was $220 million. Korman had a minority stake in the portfolio, branded under AKA Hotels Residences. Combined, the three hotels, located at 330 East 56th Street, 123 West 44th Street and 42 West 58th Street, have 322 rooms, pricing the deal at $680,000 per key.

🏆Residential: A condo in the Flatiron District marks the biggest residential sale to hit records. Daniel Roitman bought the unit at 45 East 22nd Street for $15.4 million. Daniel Glaser was the seller. The pad measures nearly 5,900 square feet with four bedrooms and four and a half bathrooms. Scott Hustis, Mark Jovanovic, David Son, Nora McGuire, and Stojan Trendov with Compass handled the listing. The latest sale works out to $2,600 per square foot.

📊Commercial: In Morningside Heights, Columbia University bought the building at 97 Claremont Avenue for $122 million from Charney Companies. The seven-story building contains 45 units, spanning about 78,400 square feet, and will serve as a new student housing residence, according to Crain’s. The building last traded in 2024 for $38 million.

📊Residential: The home at 46 East 71st Street in Lenox Hill changed hands for $13.8 million. Hudson Real Estate Limited was the seller; Cedrus TH LLC was the buyer. With eight bedrooms and seven and a half bathrooms, the home covers about 9,000 square feet.

📊Residential: On the Upper West Side, Jonathan Pruzan, co-president of Pretium, and his wife, Lisa Lowenthal-Pruzan, sold the home at 135 West 77th Street for $10.8 million or $1,500 per square foot. Amit and Onima Bhuchar were the buyers. Covering about 7,200 square feet, the residence has five bedrooms, six full bathrooms and two half-bathrooms.

📊Residential: Kago LLC purchased the Cobble Hill home at 435 Henry Street for $11.9 million or $1,500 per square foot. Marilyn Capital Partners LLC was the seller. With six bedrooms, six full bathrooms and two half-bathrooms, the home measures about 7,700 square feet. Ravi Kantha and Cameron LeCates with Serhant had the listing.

📊Residential: Thomas Melton, an executive at building services company Pritchard Industries, and art adviser Saara Pritchard parted with a co-op at 911 Park Avenue on the Upper East Side for just under $10 million. The buyers were Scott and Jennifer Ostfeld; he is an investment banker and she is an NBC News reporter. The sellers had owned the 3,600-square-foot unit since 2019, when they purchased it for $5.3 million. The latest sale breaks down to $2,800 per square foot.

By the Numbers: See which NYC properties could be hit with the pied-à-terre tax

Newly released New York City data shows that the Big Apple may rake in more than it originally estimated from its new pied-à-terre tax.

The city could see at least $1.8 billion from the pied-à-terre tax across condos and townhouses, according to a TRD Data analysis of the Department of Finance’s latest data set. Condos have the potential to generate some $1.3 billion worth of second-home taxes across nearly 12,400 properties with a total value of $27.3 billion.

Meanwhile, one- to three-family homes could rake in $536 million from the tax across some 6,800 buildings valued at just under $60 billion. Co-ops were omitted from the analysis, as it is unclear whether the values relate to individual units, or whole buildings. Still, there are roughly 6,400 co-op units and buildings combined that could face a pied-à-terre tax.