Real Estate Trends

Gracie Abrams drops $4.5M on another Greenwich Village penthouse

(L) Gracie Abrams. Credit: Justin Higuchi on Flickr (R) 1 Fifth Avenue. Image via WikiCommons

March 13, 2026

Gracie Abrams drops $4.5M on another Greenwich Village penthouse

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Gracie Abrams has purchased another unit at Greenwich Village’s 1 Fifth Avenue co-op, a year after buying a $5.5 million penthouse in the building, with plans to combine the two. The pop star paid $4.5 million for the 18th-floor penthouse, which was once two separate units and now includes one bedroom, two bathrooms, and two terraces. If combined with the other unit, Abrams' residence in the building could span five bedrooms, five bathrooms, and five terraces, according to The Real Deal.
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New Hell’s Kitchen venue will host hologram ABBA show

Credit: Raph_PH on Flickr

March 6, 2026

New Hell’s Kitchen venue will host hologram ABBA show

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Extell Development this week applied to demolish part of a block in Hell's Kitchen to build a venue that will host a hologram show featuring the Swedish pop band ABBA. As first reported by Crain's, the firm seeks to raze a string of low-rise buildings in Hell’s Kitchen—formerly home to a strip club, a dance club, and a lumberyard—between 11th Avenue and West 45th and 46th Streets. The new venue will become the permanent home for ABBA Voyage, a production designed by the legendary 1970s pop group featuring holograms of their younger selves, according to the New York Times.
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Ivana Trump’s Lenox Hill townhouse sells for $14M, nearly half its original asking price

Photos courtesy of Evan Joseph Photography

March 3, 2026

Ivana Trump’s Lenox Hill townhouse sells for $14M, nearly half its original asking price

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After nearly four years on the market, Ivana Trump's opulent Lenox Hill townhouse has finally sold, fetching much less than its original $26.5 million listing price. The five-story home at 10 East 64th Street sold for $14 million, according to property records and first reported by the Wall Street Journal, down from its initial 2022 ask. Ivana purchased the home for roughly $2.5 million in 1992, shortly after her divorce from Donald Trump. The property was first listed following Ivana's death in 2022, as 6sqft previously reported.
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Bally’s buys Bronx casino site from NYC for $157M

Images courtesy of Bally’s Bronx

March 2, 2026

Bally’s buys Bronx casino site from NYC for $157M

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Bally's Corporation has officially purchased the Bronx parkland where it will build one of three new casinos downstate after the company secured a gaming license in December. As first reported by the Commercial Observer, the company last week purchased the 16-acre parcel at 450 Hutchinson Parkway in Throggs Neck—formerly leased to Donald Trump—from the city for $156.6 million. The proposal survived a City Council vote that initially denied a crucial rezoning, a decision later overridden by a veto from former Mayor Eric Adams, keeping the project alive.
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FiDi office tower to become 796-unit residential building

61 Broadway © 2024 Google

March 2, 2026

FiDi office tower to become 796-unit residential building

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RXR Realty secured a $420 million construction loan last week for an office-to-residential conversion that will transform a century-old Financial District office tower into 796 new homes. Affiliates of Apollo Global Management provided the financing to convert the 32-story 61 Broadway, with construction expected to begin later this month and the first residents projected to move in during the first half of 2028, according to Crain's. Roughly 200 of the apartments will be set aside for households earning 80 percent of the area median income (AMI).
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Dumbo penthouse closes for $16.25M, new record for Brooklyn sponsor condo

All photos courtesy of Pavel Bendov for Olympia DUMBO

February 26, 2026

Dumbo penthouse closes for $16.25M, new record for Brooklyn sponsor condo

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A full-floor penthouse at Dumbo's tallest tower officially closed this week, setting a new record for the borough. Penthouse B at Olympia, a 33-story condo at 30 Front Street, sold for $16.25 million, becoming the highest price-per-square-foot ($3,297) deal ever for a Brooklyn sponsor condo. The home might look familiar; the condo was featured in Spike Lee's 2025 movie "Highest 2 Lowest" as Denzel Washington's fictional apartment.
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Battery Park City rent protections extended for long-time tenants

Gateway Plaza. Image via WikiCommons

February 25, 2026

Battery Park City rent protections extended for long-time tenants

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Hundreds of tenants at Gateway Plaza, Battery Park City's oldest and largest residential development, will have their annual rent increases capped at 2.5 percent for the next 43 years. On Monday, the Battery Park City Authority (BPCA) announced an agreement with Marina Tower Associates to extend those protections for roughly 430 units with continuous occupancy since July 1, 2009. Originally set to expire in July 2030, the safeguards will now remain in place through June 17, 2069.
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New condo planned for vacant Chelsea lot next to the High Line

The High Line’s 10th Avenue overlook. The new condo at 118 10th Avenue will be on the east side of the street. Photograph by Mike Peel on Wikimedia

February 23, 2026

New condo planned for vacant Chelsea lot next to the High Line

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A vacant Chelsea development site once tied to the late New York City developer Brandon Miller has sold for $53 million and will become a new condo building. Adirondack Capital Partners on Monday announced that Toll Brothers purchased the roughly 12,000-square-foot parcel at 118 10th Avenue from Benny Barmapov, with plans to build an 85,000-square-foot condominium. Miller had previously leased the site, with plans for a 10-story, 100,000-square-foot office building, according to The Real Deal.
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Manhattan rents hit another high, median price near $4.7K/month

Photo by Chanan Greenblatt on Unsplash

February 12, 2026

Manhattan rents hit another high, median price near $4.7K/month

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While January is normally the best time to find deals on apartments, New Yorkers continued to face record-high rents in the first month of 2026. In January, the Manhattan median rent hit $4,695/month, according to the monthly rental report prepared by Miller Samuel for Douglas Elliman. While the price is down slightly from December, which saw median rents for the borough at $4,720, January marked the third-highest rent on record for Manhattan.
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One Domino Square penthouse set to break another area sales record at $7M

Photo credit: William Jess Laird

February 11, 2026

One Domino Square penthouse set to break another area sales record at $7M

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Another penthouse at Williamsburg's One Domino Square condominium looks like it may again surpass area sales records: Penthouse 3A just entered contract for $7 million. If the unit closes at that price, it will be the area's top sale per square foot (a whopping $3,313). Another penthouse in the tallest residential tower on the Williamsburg waterfront sold for $7.7 million last year, as 6sqft reports, setting an area sponsor unit sale record.
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30-story condo will be the tallest building in Greenwich Village

11 West 13th Street in July 2025, ahead of construction. © Ondel Hylton

February 10, 2026

30-story condo will be the tallest building in Greenwich Village

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The tallest building in Greenwich Village is moving forward. Construction financing was secured last week for a new luxury condominium at 11 West 13th Street, a planned 30-story tower with 34 residences that will rise well above the neighborhood's next tallest buildings. Despite backlash from preservationist groups, which filed a zoning challenge with the Department of Buildings, the project is moving ahead, after developers Legion Investment Group and EJS Group secured $190 million in construction financing last week.
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$17.5M Dumbo penthouse seen in Denzel Washington’s ‘Highest 2 Lowest’ movie finds a buyer

All photos courtesy of Pavel Bendov for Olympia DUMBO

February 4, 2026

$17.5M Dumbo penthouse seen in Denzel Washington’s ‘Highest 2 Lowest’ movie finds a buyer

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Denzel Washington's fictional home in the 2025 movie "Highest 2 Lowest" has found a real-life buyer. A full-floor penthouse at Olympia, a sail-like condominium at 30 Front Street in Dumbo, entered contract this week. Last asking $17,500,000, the home's incredible views of the Manhattan skyline are on full display in the Spike Lee thriller, which stars Washington, A$AP Rocky, and Ilfenesh Hadera.
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Vornado and Newmark to expand Penn District with more retail

Seventh Avenue between 33rd and 34th Streets. Photo © 6sqft

February 2, 2026

Vornado and Newmark to expand Penn District with more retail

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Vornado Realty Trust’s Penn District in Midtown East will grow further as the firm teams up with another major real estate company to create a new retail corridor along Seventh Avenue between 33rd and 34th Streets. On Monday, Vornado announced that Newmark has been named the exclusive leasing agent for the next stage of the Penn District, which will feature a street-level "retail experience" alongside existing anchors Macy’s and Primark, whose 78,000-square-foot flagship is set to open this spring. Newmark will also assist Vornado in developing the Moynihan Retail Corridor, the primary commercial hub of Moynihan Train Hall.
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Extell to purchase Park Ave development site

Streetview of 405 Park Avenue © 2024 Google

January 26, 2026

Extell to purchase Park Ave development site

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Extell Development’s Manhattan expansion continues as the firm moves to acquire a prime Midtown site and air rights from an adjacent synagogue. On Sunday, Gary Barnett's firm entered a contract to purchase 405–415 Park Avenue and air rights from Central Synagogue, as first reported by The Promote. The company is also reportedly negotiating to acquire the adjacent office building at 110 East 55th Street, which, combined with the Park Avenue site, could become a major new mixed-use or office development in Midtown.
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Nathan’s Famous, home of the hot dog eating contest, sells for $450M

Credit: Jeremy Thompson on Flickr

January 22, 2026

Nathan’s Famous, home of the hot dog eating contest, sells for $450M

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Nathan’s Famous, the century-old Coney Island hot dog institution that grew from a single stand into a global brand, has been sold for $450 million. On Wednesday, Smithfield Foods said it would pay $102 per share to acquire the iconic brand. Smithfield, a Chinese-owned food processor based in Virginia, has held the rights to produce and sell Nathan’s products in the U.S. and Canada since 2014, which were scheduled to expire in 2032. For fans worried about the future of the famed Nathan's Hot Dog Eating Contest, fear not—Smithfield said it plans to continue hosting the event, according to The Hill.
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Lily Allen and David Harbour’s Brooklyn townhouse finds buyer

Photo credit: Hayley Ellen Day

January 21, 2026

Lily Allen and David Harbour’s Brooklyn townhouse finds buyer

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A Carroll Gardens townhouse referenced in Lily Allen’s latest album, following her split from actor David Harbour, has found a buyer. As first reported by the New York Post, the former couple’s home at 381 Union Street has sold with a last asking price of $7.3 million after hitting the market for nearly $8 million in October. The 22-foot-wide brownstone was fully renovated by architect Ben Bischoff of MADE and features a distinctive interior by AD100 designer Billy Cotton, as 6sqft previously reported.
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Extell adds 25-story tower to Upper West Side’s former ABC campus redevelopment

Streetview of 37 West 66th Street © 2024 Google

January 12, 2026

Extell adds 25-story tower to Upper West Side’s former ABC campus redevelopment

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After a busy year, Extell Development is planning a major new residential project at the former Disney Campus on the Upper West Side. The firm has filed plans with the city’s Department of Buildings (DOB) to construct a 25-story, 58-unit tower at 37 West 66th Street in Lincoln Square, as reported by Crain's. Extell has already begun redeveloping the site, including a 90-story skyscraper at 77 West 66th Street that would become the neighborhood’s tallest, surpassing the firm’s existing controversial building across the street at 50 West 66th Street.
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Amy Schumer paid $6.25M for Central Park West condo

Photos courtesy of Brown Harris Stevens

January 6, 2026

Amy Schumer paid $6.25M for Central Park West condo

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After a short stint in Brooklyn, Amy Schumer is back on the Upper West Side. The comedian and actress recently sold her Brooklyn Heights townhouse for $11 million, with plans to move back to Manhattan to be close to her son's school. As the New York Post first reported, Schumer bought a corner condo unit at 279 Central Park West for $6,250,000 about a year ago. The three-bedroom condo offers Central Park views from every room, most notably in the 36-foot-long living room.
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Williamsburg Wharf launches leasing for newest waterfront rental, from $3,980/month

Renderings courtesy of Naftali Group

January 6, 2026

Williamsburg Wharf launches leasing for newest waterfront rental, from $3,980/month

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Leasing has launched for 128 market-rate apartments at the newest luxury rental building to open at the Brooklyn waterfront's Williamsburg Wharf complex. On Tuesday, Naftali Group announced the start of leasing for Four Williamsburg Wharf, designed by Brandon Haw Architecture and Hill West Architects with interior design by Studio Munge, marking the completion of the development’s first phase. Pricing starts at $3,980/month for studios and $4,925/month for one-bedroom units.
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NYC’s 10 best-selling residential buildings of 2025
January 5, 2026

NYC’s 10 best-selling residential buildings of 2025

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CityRealty has released its annual report highlighting New York City's best-selling residential buildings of the year. In 2025, Manhattan recorded just over 11,000 signed residential contracts, with the overall average last asking price at $2.32 million and the average price per square foot across all property types at $1,636. Many of the top-selling buildings have been on the market for several years and are nearing sellout. Across New York City, some of the fastest-selling developments include One Domino Square, 255 East 77th Street, and 140 Jane Street, among others, which together accounted for nearly 100 signed contracts in 2025.
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Mets star Francisco Lindor pays $21.2M for UES penthouse

Renderings courtesy of DBOX

December 31, 2025

Mets star Francisco Lindor pays $21.2M for UES penthouse

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While several New York Mets stars left the team this year, shortstop Francisco Lindor is here to stay. As first reported by the New York Post, Lindor paid $21.2 million for a penthouse at 200 East 75th Street on the Upper East Side. The All-Star shortstop first entered a contract for Penthouse 5, a 5,300-square-foot residence with six bedrooms, last December.
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First housing phase of NYC’s net-zero Far Rockaway development moves forward

Credit: FX Collaborative

December 30, 2025

First housing phase of NYC’s net-zero Far Rockaway development moves forward

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The development team behind New York City’s first net-zero community in Far Rockaway has secured $278.8 million for its first phase, which will bring 320 new homes to the neighborhood. On Monday, L+M Development Partners, Urbane Development, and other project stakeholders announced the closing of financing for Arverne East Building D, the first phase of housing of the larger revitalization of a 116-acre oceanfront site in Edgemere into a mixed-use community. Upon completion in 2028, the 355,000-square-foot building will deliver 230 affordable rentals and 90 homes designated for ownership.
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6sqft’s top stories of 2025!
December 29, 2025

6sqft’s top stories of 2025!

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As we say goodbye to 2025, 6sqft is reflecting on the stories that resonated the most with our readers. From JPMorgan's new Midtown headquarters and the Flatiron Building's conversion into condos, you stayed updated on new projects shaping our city. You ate up articles about celebrity penthouse purchases, record-setting real estate, and new trash policies. Readers debated New York's best pastrami spots and learned about new legislation to address the housing crisis, from rezonings and ADUs to bringing back single-room occupancy apartments. Below, find our most-read stories of the year. Thanks, as always, for reading!
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New transit-oriented Cypress Hills project has 200+ affordable units

Credit: Think! Architecture + Design PLLC6

December 24, 2025

New transit-oriented Cypress Hills project has 200+ affordable units

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A mixed-use residential project in Cypress Hills, set to deliver more than 200 affordable apartments just steps from the subway, moved ahead this week. On Tuesday, a joint venture of Slate Property Group, Thorobird Companies, and Bangladeshi American Community Development & Youth Services (BACDYS) closed on 570 Eldert Lane, a transit-oriented development that will add 213 homes adjacent to the A train at Grant Avenue. The property will also include 10,000 square feet of community space operated by BACDYS, along with on-site supportive services from the non-profit Urban Pathways.
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$129M deal at 80 Clarkson could be downtown Manhattan’s biggest

Rendering courtesy of DBOX

December 18, 2025

$129M deal at 80 Clarkson could be downtown Manhattan’s biggest

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One of New York City's best-selling buildings of the year is about to set a real estate record. As first reported by The Real Deal, a contract has been signed for a $129 million deal at 80 Clarkson Street, a new condo development in the West Village by Zeckendorf Development and Atlas Capital Group. The sale, if it closes at that price, would become the most expensive deal below 14th Street, surpassing a Greenwich Village townhouse that sold for $72.5 million in 2024.
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