One High Line Condo Leads NYC’s $505M Real Estate Day

July 7, 2025 | New York City

New York City’s real estate market saw a robust day on July 3, with 289 recorded deals totaling approximately $505 million. The top residential transaction was a $13.1 million purchase at One High Line, a luxury condo in Chelsea developed by Witkoff Group and Access Industries. The 3,200-square-foot unit sold for about $4,100 per square foot.

On the commercial side, a bulk sale of apartments at 1502 46th Street in Borough Park fetched $9.6 million. Meanwhile, Brookfield sold a retail space leased to Eataly in SoHo to Meadow Partners for $37 million.

Additional highlights include a $9.4 million sale at 50 West 66th Street and an $8.8 million co-op trade at 1100 Park Avenue. However, challenges persist in the retail sector—an analysis revealed that nearly 10% of storefronts in Noho and Nolita remain vacant, totaling approximately 185,000 square feet of unused space.

Stay tuned for more market insights and deal tracking on NYC’s dynamic real estate landscape.