🏆 Commercial: The biggest commercial sale to hit records was in Brooklyn, where a nearly 38,000-square-foot commercial condo at 18 Warsoff Place sold along with a nearly 70,000-square-foot warehouse at 39 Walworth Street and vacant lot sold for $50 million. All properties take up most of a block in Williamsburg. The sellers were companies managed by Abraham Follman, and the buyer was Norworth Holdings LLC.
🏆 Residential: The top home sale recorded in the Big Apple was in Lincoln Square, where attorney Jason Hegt purchased a sponsor unit at Centurion Real Estate Partners’ 212 West 72nd Street for just under $7 million. The unit measures about 2,400 square feet, pricing the deal at $2,900 per square foot. The condo has four bedrooms and four and a half bathrooms; its last asking price was $6.8 million. Douglas Elliman is handling sales at the development.
📊Residential: A trust parted with a condo at 101 Warren Street in Tribeca for $5.4 million. The buyers were Osifo Akhuemonkhan and Adetayo Sanusi. The trust had purchased the 2,400-square-foot pad in 2014 for $6.3 million. The unit has three bedrooms and three and a half bathrooms, and the latest sale breaks down to roughly $2,300 per square foot. The condo went on the market with Compass in January, with an asking price of $5.5 million. The listing agents were Esteban Gomez, Tay Kim and Chris Pomeroy.
📊Residential: James and Virginia Coltheart — he works at the United Nations and she is a portfolio manager — and Victoria Schippers purchased a Brooklyn Heights co-op at 8 Remsen Street for $5.1 million. The seller was a trust that had purchased the unit in 2011. The latest sale appears to have been off market.
By the Numbers: Manhattan agents endured volatile market conditions before dropping off
New York City’s housing slowdown has left brokers competing for a smaller pool of business.
While deal volume has fallen sharply from the post-pandemic highs of 2021 and 2022, the city’s broker workforce remained relatively stable for years, intensifying competition for listings and commissions. Only recently have agent ranks begun to contract.
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