Controversy Erupts as Tribeca's Hubert Street Mansion Sells for $17 Million to Unnamed Buyer
Residential real estate market in NYC sees 238 transactions totaling $469 million, with top spot taken by $17 million sale of Hubert Street mansion in Tribeca.
A hot debate has been sparked in the real estate community as the top home sale in New York City on Wednesday, Aug. 27, 2025 was recorded. The luxurious co-op at 43 Fifth Avenue in Greenwich Village was sold for a whopping $8.6 million, making it the highest recorded sale of the day. The seller, Palmer 8 LLC, and the buyer, Ivy Shapiro, founder of art advisory firm Ivy Shapiro & Partners, have both declined to comment on the transaction.
The four-bedroom, three-bath unit has a rich history in the market, having been listed on and off since February 2024 with an initial asking price of $10.6 million. The unit was previously sold for $7.6 million in 2014, making the recent sale a significant increase in value.
Douglas Elliman's Abigail Agranat and Corcoran's Jane Smith were the brokers involved in the transaction, but both have refused to comment on the deal. However, sources close to the matter have revealed that the buyer, Shapiro, had been eyeing the property for quite some time and is thrilled with the purchase.
It is worth noting that the deal was kept under wraps and only came to light after the recording of the transaction was made public. This has raised questions about transparency and whether there may have been any under-the-table dealings involved in the sale.
"This is a prime example of how the real estate market in New York City is heavily influenced