"Residential: The top home sale in New York was William Lauder's trade of his Upper East Side co-op, which sold for a profit. Lauder, the chairman of cosmetics company Estee Lauder, sold his unit at 998 Fifth Avenue for $37.5 million, after paying $23.5 million for the four-bedroom apartment in 2017. The co-op's new owners are Evan Cheng, the co-founder and CEO of cryptocurrency firm Mysten Labs and Yu-Wen Chang. The deal appears to have been off-market."
"Commercial: A Greenwich Village deal was the priciest commercial real estate transaction in the Big Apple. A 12-story, office-and-retail property at 625 Broadway traded for $41.5 million. The seller was Bethesda, Maryland-based ASB Real Estate Investments and the buyer was the Jackson Group, based in New York. The Israel Discount Bank of New York provided a $22.5 million mortgage for the purchase. ASB took over the property through a foreclosure sale in 2012."
New York City recorded 257 transactions totaling $425 million from 4:00 p.m. Friday, Sept. 19 through 4:00 p.m. Monday, Sept. 22. William Lauder sold his Upper East Side co-op at 998 Fifth Avenue for $37.5 million after buying the four-bedroom apartment for $23.5 million in 2017; the buyers were Evan Cheng and Yu-Wen Chang in an apparent off-market deal. A 12-story office-and-retail building at 625 Broadway traded for $41.5 million, with Israel Discount Bank of New York providing a $22.5 million mortgage; the seller was ASB Real Estate Investments and the buyer was the Jackson Group. Lea Attalla purchased a duplex co-op at 620 Park Avenue for $18 million. A sponsor penthouse at VU New York in Kips Bay sold for $9.2 million.
#new-york-city-real-estate #luxury-residential-sales #commercial-property-transactions #high-value-real-estate-deals
Read at therealdeal.com
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