July 24, 2025 | New York City
On July 23, 2025, New York City recorded 169 property transactions totaling approximately $383 million. The day’s top residential sale was a $10.2 million condo at The Katharine in Greenwich Village, where Slate Property Group converted a former dormitory into luxury housing. The 3,500-square-foot unit, including a storage space, was purchased by James Stephen Turner III.
On the commercial side, the largest deal was a $62 million portfolio sale in Hamilton Heights. Bonjour Capital sold five apartment buildings on West 137th Street to Janusz Sendowski, marking a roughly 6% loss from the original 2012 purchase price. JPMorgan Chase provided $46.5 million in financing to support the acquisition.
Also notable was Storage Post’s $40 million purchase of two self-storage buildings — a nine-story site in Prospect Heights and a seven-story facility in Fort George — from Sofia Bros., which recently filed for Chapter 11 bankruptcy. This follows a $60 million deal between the two firms earlier this year, bringing their transaction total to $100 million.
Additional noteworthy transactions include the $21 million sale of a Crown Heights development site by BLDG Management, and luxury condo and co-op sales in Chelsea and Lenox Hill ranging from $9.5 million to nearly $10 million. The market remains active as both high-end residential buyers and institutional investors continue to make strategic moves.