In the 24 hours leading up to 4 p.m. on March 6, 2026, New York City recorded 200 real estate transactions totaling $289 million.
Among residential sales, the highest was a nearly 4,500-square-foot unit at 111 West 57th Street along Billionaires’ Row. JDS Development Group and Property Markets Group sold the sponsor unit for $18 million, which is just over $4,000 per square foot. The buyer was identified as 8u8 Keys LLC. The property features three bedrooms and three and a half bathrooms, with a previous asking price of $18.3 million. Sales at this luxury development are being handled by Nikki Field’s team from Sotheby’s International Realty.
The largest commercial transaction took place in Lenox Hill, where The Dinex Group—founded by restaurateur Daniel Boulud—sold a commercial condominium at 610 Park Avenue (also known as 60 East 65th Street) for $18.5 million. The buyer is an LLC associated with SL Green Realty Corp. The space spans nearly 18,000 square feet and is occupied by Boulud’s Michelin-starred restaurant, Daniel.
Another notable residential deal involved Andrew Cohen, chief investment officer at Point72, and his wife Suzi Kwon Cohen, chief investment officer at Mousse Partners. They purchased a full-floor co-op measuring about 4,500 square feet at 1125 Fifth Avenue in Carnegie Hill for $11 million from a trust tied to Anne Cowett, Frederick Cowett and Andrew Weiss.
At Related and Oxford Properties Group’s development at 15 Hudson Yards, a sponsor unit covering approximately 3,000 square feet sold for $8.1 million to Trident RE Holdings—about $2,700 per square foot. This condo has four bedrooms and four and a half bathrooms; its last asking price was $8.5 million. Corcoran’s Hottinger Team and Arsic Lau Team are managing sales there.
In Jamaica, Queens, a development site at 147-27 Archer Avenue changed hands for $17 million. An LLC linked to the Chetrit Group and Peter Kulka sold the property—which includes an auto body shop and two vacant parcels—to an LLC tied to Peter Abowitz. Chetrit had acquired part of the site in 2022 for $10.3 million with plans for a high-rise residential project.
A recent report from Attom analyzing single-family rental markets across more than four hundred U.S. counties found that while many regions are experiencing declining cash flows and stagnant home prices between 2025 and 2026—with nearly fifty-five percent of those counties seeing lower rental yields—landlords have generally increased rents to offset rising costs associated with owning and operating properties.
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