NYC Property Sales Reach $363M on July 9, Led by Deals in Tribeca and Long Island City
NYC Property Sales Reach $363M on July 9, Led by Deals in Tribeca and Long Island City
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July 10, 2025 | New York City
New York City recorded a total of 270 property transactions on July 9, with sales volume reaching approximately $363 million. The priciest residential deal was a $11.5 million condominium at 111 Murray Street in Tribeca, sold by Ryan Wilder to Jennifer Ellington. The unit, spanning 3,300 square feet, sold at a slight discount from its 2019 purchase price of $12.2 million and was brokered by Compass agents Ian Slater, Michael Koeneke, and Eduardo Martinez.
On the commercial side, the most notable sale was a $18.5 million transaction in Long Island City, where Vecta Industries LLC sold a three-story industrial property at 38-18 33rd Street to an entity linked to Steven Hurwitz. Vecta had held the asset since the 1980s, marking a long-term investment exit in one of Queens' most rapidly evolving industrial corridors.
Additional noteworthy residential deals included an $11.2 million sponsor unit at Gramercy Square, purchased by developer Seth Adler, and a $7 million condo sale at 160 Leroy Street in the West Village by Domus Realty’s Giampiero Rispo. On the commercial front, trades included a newly developed office building in South Williamsburg sold for $10 million, a 50-unit mixed-use property in Sunnyside for $9.5 million, and a $6.1 million townhouse acquisition in Park Slope by the Berkley Carroll School.
These transactions reflect ongoing movement in both the luxury residential and commercial real estate sectors, with continued investor interest across boroughs and asset classes. While some sales closed below peak asking prices, the volume and diversity of deals suggest strong mid-year market activity.
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