July 30, 2025 | New York City
New York City saw a major volume of real estate activity on July 29, recording 157 deals worth a combined $237 million. The top commercial transaction was Epic’s $25.4 million sale of its interest in 40-42 Thompson Street — the landmarked Manhattan Brewery Building — to 387 West Broadway Commercial LLC. The property spans 30,000 square feet and dates back to 1928.
On the residential side, a luxury condo at 180 East 88th Street in Carnegie Hill sold for $13.2 million. The 4,017-square-foot full-floor residence features four bedrooms and was sold to a trust. The original listing price was $16 million when it first hit the market in 2017.
Other notable residential sales included a $6 million unit at Tribeca’s Sterling Mason and an $8 million historic townhouse on the Upper West Side. Meanwhile, a mixed-use building at 200 West 14th Street traded hands for $10 million in the West Village, purchased by a company linked to Rainbow clothing chain heir Josef Chehebar.
Overall, the day’s activity reflects a strong, if selective, appetite in both commercial and luxury residential segments, even as rent growth shows signs of slowing nationally, according to Yardi Matrix.