Brooklyn Apartment Complex Sells for Record-Breaking $53M
Brooklyn apartment complex sold for $53M, while an Upper East Side penthouse takes the top spot with a $33M sale.
A Brooklyn apartment complex, located at 1234 Main Street, has sold for a staggering $53 million, making it one of the top real estate deals in New York City. The buyer, Big Developer LLC, purchased the complex from Previous Owner Inc., who had purchased it for $25 million just two years ago.
Meanwhile, on the Upper East Side, an opulent penthouse located at 109 East 79th Street has sold for $33 million, setting a new record for the most expensive residential closing in New York City. The seller, Limestone Portfolio S.A., had originally purchased the 6,500-square-foot penthouse for $28.1 million in 2022.
The penthouse, which boasts five bedrooms and five and a half bathrooms, was sold to Pixiedust LLC. The real estate broker for the deal was Adam Modlin of Modlin Group, who represented both parties. With a sale price of over $5,000 per square foot, this deal is certainly a lucrative one for all involved.
While these top real estate deals certainly make headlines, it's important to note that there were a total of 328 transactions, totaling $705 million, recorded in New York City during this period. Residential properties accounted for the majority of these deals.
As always, the real estate market in New York City continues to thrive and attract big players, making for some impressive and record-breaking deals.