There were 209 property transactions in New York City totaling $365 million in the 24 hours leading up to 4 p.m. on November 14, 2025.
The highest-priced residential deal took place in Nomad, where a trust purchased a penthouse at 30 East 29th Street for $9.6 million. The seller, KFO Property NYC GMBH, acquired the condo in 2023 for $12.7 million and listed it for sale in February 2024 with an asking price of $13.2 million. The duplex unit measures 2,600 square feet and includes three bedrooms, three bathrooms, two fireplaces, and over 600 square feet of outdoor space.
In commercial real estate, Flushing recorded the most expensive transaction with part of a mixed-use complex at 131-02 40th Road selling for $32 million from Jade Century Properties to Tetra Enclosure.
Another significant commercial deal occurred in Bay Ridge, where a former Century 21 store and parking garage covering nearly 187,000 square feet at 423 88th Street was sold for $28 million. The Gindi family’s real estate arm sold the property to the Abed family. JLL Capital Markets’ Ethan Stanton, Jeffrey Julien, Brendan Maddigan and Michael Mazzara represented the seller; Specialized Realty Group’s Michael Feratovic represented the buyer.
On the Upper East Side, Isis and Christopher Louw bought a full-floor sponsor unit at 201 East 74th Street for $9.4 million from developer Elad Group. The residence spans 3,800 square feet with five bedrooms and four-and-a-half bathrooms; its last asking price was just under $10 million. Douglas Elliman’s Barbara Russo, Danielle Englebardt, Elena Sarkissian and Christopher Salierno managed the listing.
Developer Stephen Ross sold his condo at Superior Ink (400 West 12th Street) for $6.6 million. Ross is known as the founder of Related Companies which developed this West Village building in the early 2000s. He had sought just under $7 million for his two-bedroom unit measuring approximately 1,900 square feet. Compass agents Stephen Ferrara and Clayton Orrigo held the listing.
An analysis by The Real Deal using rental data from StreetEasy found that citywide median rent increased by about eight percent compared to last year after implementation of the Fairness in Apartment Rental Expenses (FARE) Act on November 13, 2024. This legislation requires whoever hires a rental broker to pay their fee instead of passing costs onto tenants by default.
Staten Island saw the largest increase among boroughs: median rent there rose by more than sixteen percent year-over-year in October to reach $3,200 per month according to The Real Deal’s analysis.
