New York Top Real Estate Deals: Friday, Aug. 21, 2026

There were 214 transactions totaling $333 million filed in New York City records in the 24 hours before 4 p.m. on Friday, Aug. 21.

🏆Residential: The priciest sale to hit records in New York was at One Highline at 500 West 18th Street in Chelsea. A trust tied to business executive Dinesh Paliwal, and his wife, classical Indian vocalist Ila Paliwal, purchased a unit at the property, which was developed by Witkoff and Access Industries, for $9.5 million or $3,600 per square foot. The condo spans 2,600 square feet and has three bedrooms and three and a half bathrooms. Corcoran’s Steve Gold had the listing, which first went live in 2023. The unit’s most recent asking price was just under $10 million.

🏆Commercial: The Financial District was home to the most expensive commercial deal to come online. Kings Capital closed on its purchase of a vacant apartment building at 69 Gold Street for $30.1 million. The seller was New York Presbyterian Hospital, which had once used the 90-unit property to house staff and employees; it has been vacant for about a decade. Kings Capital plans to turn the property into a rental building with 108 market-rate apartments and retail space.

📊Residential: Miki Naftali’s Naftali Group sold a sponsor unit at 225 East 77th Street in Lenox Hill for $8.9 million to Laurent and Nicole Groll. The four-bedroom pad measures just under 3,000 square feet, pricing the transaction at roughly $3,000 per square foot. Compass’ Alexa Lambert, Alison Black and Shelton Smith had the listing, which went up in December 2024 with an asking price of $8.7 million.

📊Residential: Rabina offloaded a sponsor unit at 520 Fifth Avenue in Midtown for $6.8 million. The buyer was a trust tied to Dina DiLorenzo, who is president of Guggenheim Investments. The residence has three bedrooms, three and a half bathrooms and a terrace. It measures 2,500 square feet; the sale pencils out to $2,700 per square foot. Corcoran Sunshine Marketing Group is handling sales at the development. The unit went on the market in June 2024 for $6.8 million.

📊Residential: Nakashimato NYC Sutton Holding LLC purchased a condo at Gamma Real Estate and JVP Development’s 430 East 58th Street in Sutton Place for $6.3 million. The unit has three bedrooms and three bathrooms across 2,100 square feet, pricing the deal at $3,000 per square foot. The unit hit the market in January 2025 for $6.5 million. Corcoran Sunshine Marketing Group is handling sales at the property.

📊Residential: Jaime Levine parted with the 3,900-square-foot, two-family home at 100 Sixth Avenue in Park Slope for $6 million. The buyer was 100 6th Avenue LLC. Levine purchased the home in 2021 for $5 million. The sale works out to $1,500 per square foot.

By the Numbers: Multifamily insurance costs surge 58 percent over past five years, adding pressure to NOI growth

Apartment landlords have long been struggling with rising operating costs, but a new report shows that escalating property insurance has been hitting owners the hardest.

Over the past five years, property insurance climbed 58 percent — the fastest-growing major expense category for landlords, according to a new report from research firm Trepp.