A 104-Deal Day in New York City Records

New York City's recorded property market produced 104 transactions worth $121 million in the 24 hours before 4 p.m. Friday, Aug. 14, according to city records. The day's largest commercial deal was on the Lower East Side, where Anchor Realty Corp. sold the five-story Bowery Grand Hotel at 143 Bowery for $8.4 million to 143 Bowery LLC, an entity tied to investor Shaul Ashkenazi.

The priciest residential sale was in Tribeca: Andrew and Helen Dyson sold a 2,600-square-foot condo at 30 Park Place for $6.4 million to Hunter Hughes and Anya Chaudri. The Dysons had paid $8 million for the apartment in 2018, implying a $1.6 million loss before costs and a sale price of about $2,500 per square foot.

Other recorded deals included a $4 million sale at 565 Broome Street in Hudson Square, a $3.2 million Upper East Side condo at 1438 Third Avenue, and a $2.5 million co-op at 296 Sterling Place in Prospect Heights. The filing day also coincided with new data showing Manhattan's retail vacancy rate fell 105 basis points year over year to 13.2 percent in the second quarter of 2026, moving closer to the 12.8 percent recorded in early 2020.

What the Deal Prices and Retail Vacancy Data Show

Why the 30 Park Place Sale Stands Out

The Tribeca condo traded at a headline price of $6.4 million, but the sellers had paid $8 million in 2018. That gap signals that certain luxury units bought near the late-2010s market peak are still clearing below previous purchase levels, even as transaction activity in the city remains steady.

Hudson Square and Prospect Heights Show Pricing Nuance

Gregory Buhay's 1,700-square-foot condo at 565 Broome Street sold for $4 million, below its last ask of $4.2 million, while the co-op at 296 Sterling Place closed at $2.5 million, above its April list of $2.3 million. The contrast shows pricing power varies by product and neighborhood rather than moving uniformly across the city.

Manhattan Retail Vacancy Is Recovering, Slowly

The 105-basis-point drop to 13.2 percent is a meaningful improvement, but the rate remains above the 12.8 percent recorded just before the pandemic. That suggests the retail market is still rebuilding after the post-2020 vacancy surge, with visible progress but not yet a full return to pre-pandemic conditions.

Using These Comps in the Current Market

  • Buyers benchmarking Tribeca condos can use 30 Park Place at roughly $2,500 per square foot, but should note the seller accepted a loss from an $8 million 2018 purchase.
  • Sellers at 565 Broome Street in Hudson Square have a recent comp at $4 million for a 1,700-square-foot unit, about 5 percent below its last asking price.
  • Upper East Side sellers can compare 1438 Third Avenue, which closed at its $3.2 million ask, while Prospect Heights co-op sellers saw 296 Sterling Place exceed its $2.3 million list price.
  • Investors evaluating Bowery-area commercial buildings can use 143 Bowery's $8.4 million sale as a data point for a 12,100-square-foot, five-story property.