NYC Real Estate Deals: $311M in 24 Hours

Over the past 24 hours, New York City recorded 160 real estate transactions totaling $311 million.
The most expensive home sale was a Midwood mansion at 809-815 Avenue J. Helm Equities leaders Ayal Horovits and Michele Bailey-Horovits sold the 4,500-square-foot detached house for $15.5 million.

The buyer is an LLC connected to Joseph E. Khezrie, whose family founded Jimmy Jazz stores. Khezrie also works as director of investments at CityView Commercial in Jersey City, New Jersey.

Isaac and Claudia Saide purchased a 10,300-square-foot single-family home in Gravesend at 2173 East Fourth Street for $7 million. The property had been owned by the Barnathan family for decades.

Michael and Denise Fazio sold a four-bedroom condo at the Fischer Mills Building in Tribeca for $6.6 million. The condo has exposed brick walls, wood-beamed ceilings, and a chef’s kitchen. They bought it in 2016 for $4.9 million and listed it this year for $6.2 million.

Robert Meyers and Lauren Wagner bought a co-op at 21 East 87th Street in Carnegie Hill for $4.5 million. The three-bedroom, three-bathroom home spans 2,400 square feet. It was previously purchased by Mark London and Gayle Turk in 2013 for $3.9 million.

Commercial:

On the Upper West Side, two commercial condos sold for $14.4 million combined. The largest unit, a 1,700-square-foot ground-floor condo at 210 West 77th Street, sold for $9.6 million — 145 percent more than its last sale less than ten years ago. The other unit at 221 West 77th Street sold to LLCs linked to Mark Hakim. The condos’ price averages about $5,600 per square foot.

JAM Real Estate Partners bought a 17-unit apartment building at 333 East 81st Street in Yorkville for $5.3 million. The five-story building measures just over 9,000 square feet and had been owned by Alvaro Jinete for decades.

Market Trends:

Cash home purchases are slowing down in 2025. Nationwide, the share of homes bought with cash fell 0.6 percent in the first half of the year compared to last year. In New York, 40.9 percent of homes were purchased with cash, down 12 percent from the previous year.

Despite the drop, cash purchases remain above pre-pandemic levels, especially at the highest and lowest price ranges.

These deals highlight a busy real estate market in New York City, with high-end homes and commercial properties attracting major investors.

Author Profile

Saleem Mubarak: The writer is a real estate journalist specializing in all types of New York City properties, including luxury residences, commercial spaces, and homes.

He also writes humorous articles about real estate, investors, and realtors.