NYC's top deals: Biotech exec sheds Greenwich Village condo for $16M

"Kristian Humer sold a unit at 155 West 11th Street for just under $16 million. The buyer was a trust. Humer, CFO at Boston-based biotechnology research firm Foghorn Therapeutics, paid $8.9 million for the pad in 2016; it went on the market in May with an asking price of $17.5 million. The 3,300-square-foot condo has four bedrooms, three and a half baths and a balcony."

"The sale of a hotel off Madison Square Park was the top commercial deal recorded in the city. Arcadia, California-based developer Kam Sang Co., paid $231 million for the 252,000-square-foot hotel at 5 Madison Avenue known as the Edition Clocktower Hotel. The seller was the Abu Dhabi Investment Authority, which had purchased the 273-key building in 2015 for $337 million. Hudson Bay Capital Management provided a $155 million mortgage for the purchase."

Kristian Humer sold a 3,300-square-foot condo at 155 West 11th Street in Greenwich Village for just under $16 million to a trust; he paid $8.9 million in 2016 and had asked $17.5 million in May. The condo has four bedrooms, three and a half baths and a balcony. Arcadia-based Kam Sang Co. bought the 252,000-square-foot Edition Clocktower Hotel at 5 Madison Avenue for $231 million with a $155 million mortgage from Hudson Bay Capital Management. MD2 Property Group sold two six-story Manhattan Valley apartment buildings with 48 units for $17.5 million, backed by a $10.7 million KEB Hana Bank loan. A 12-story Financial District office traded for $40.2 million.

Read at therealdeal.com