{"id":221815,"date":"2026-05-06T11:28:48","date_gmt":"2026-05-06T11:28:48","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/221815\/"},"modified":"2026-05-06T11:28:48","modified_gmt":"2026-05-06T11:28:48","slug":"new-york-top-real-estate-deals-tuesday-may-5-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/221815\/","title":{"rendered":"New York Top Real Estate Deals: Tuesday, May 5, 2026"},"content":{"rendered":"<p>There were 173 transactions totaling $292 million filed in New York City records in the 24 hours before 4 p.m. on Tuesday, May 5, 2026.<\/p>\n<p>\ud83c\udfc6 Commercial: The top commercial real estate transaction to hit records was in Queens, where P &amp; L Associates, LLC offloaded a six-story office building at 42-40 Bell Boulevard in Bayside for $13M. The buyers were two entities tied to Alex Lau. The building, which P &amp; L Associates had owned for decades, spans about 61,600 square feet, pricing the sale at around $210 per square foot.<\/p>\n<p>\ud83c\udfc6 Residential: Chelsea was home to the top recorded home sale in the Big Apple, where a townhouse at 349 West 19th Street changed hands for $12.7 million. The seller was an LLC tied to Seth Weissman of real estate firm Urban Standard, which had paid $3.6 million for the property in 2021, and the buyer was Gercon Buyer LLC. The home spans just over 3,800 square feet and has five bedrooms and four and a half bathrooms.\u00a0 Its asking price was $13 million. Leslie J. Garfield\u2019s Matt Lesser and Tori Landon had the listing.<\/p>\n<p>\ud83d\udcca Commercial: In Times Square, a plot of vacant land at 136 West 44th Street sold for $12.6 million. The seller was the Durst Organization, and the buyer was an LLC tied Asaf Dror. The 3,500-square-foot lot last traded in 2012 for $18 million.<\/p>\n<p>\ud83d\udcca Commercial: MKSRBC Realty, LLC parted with a funeral home at 1084 Pacific Street in Crown Heights for $10.6 million. The buyer was an entity linked to developer Joseph Banda. The property spans about 5,100 square feet.<\/p>\n<p>\ud83d\udcca Commercial: A two-story retail property, currently home to the restaurant Pergola, at 36 West 28th Street in Nomad, sold for $10 million. The building measures about 3,200 square feet; the sale works out to roughly $3,100 per square foot. The seller was an LLC tied to Regal Home Collections, which bought the property for $5 million in 2012. The buyer in the latest deal was 36 Owners LLC.\u00a0<\/p>\n<p>\ud83d\udcca Residential: Deborah Buresh, an investor, and Alfred Jackson parted with a townhouse at 210 East 18th Street, which they had owned for decades, for $9.2 million. The buyer of the Gramercy Park residence was BPMC 210 East 18th Street LLC. The six-bedroom property has been on and off the market since at least 2024, when it was marketed for $12.8 million. Corcoran\u2019s Paul Kolbusz, Stephen Diamond, Sara Gelbard and Carolina Germain had the listing.<\/p>\n<p>\ud83d\udcca Residential: Nathaniel and Laura Kirk \u2014 he is managing partner at Everside and she is an executive at Wellington Management \u2014 dropped $9.1 million on a condo at Extell Development Group\u2019s 50 West 66th Street on the Upper West Side. The unit spans roughly 3,200 square feet, pricing the sale at about $2,800 per square foot.<\/p>\n<p>By the Numbers: <a href=\"https:\/\/therealdeal.com\/data\/national\/2026\/u-s-office-vacancy-rates-fall-amid-hybrid-work-trends\/\" rel=\"nofollow noopener\" target=\"_blank\">Office vacancy rates dip, but landlords continue to grapple with hybrid work<\/a><\/p>\n<p>The beleaguered office sector continues to improve, but recovery remains uneven.<\/p>\n<p>The national vacancy rate for office properties came in at 17.8 percent in March, down 210 basis points year over year, according to a report from research firm Yardi Matrix. Of the top 25 markets in the country, 18 posted yearly declines in their vacancy rates.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1240\" height=\"1076\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/05\/nTAH3-where-are-office-vacancy-rates-rents-changing-the-most-.png\" alt=\"\" class=\"wp-image-1029723\"  \/><\/p>\n<p>If you like this digest, you can get it even earlier \u2014 every evening \u2014 by subscribing to TRD Data, <a href=\"https:\/\/therealdeal.com\/data\/latest\/\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"There were 173 transactions totaling $292 million filed in New York City records in the 24 hours before&hellip;\n","protected":false},"author":2,"featured_media":221816,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[9,24,55,54,5452,56],"class_list":["post-221815","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-new-york-city-real-estate-deals","tag-ny"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/221815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=221815"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/221815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/221816"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=221815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=221815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=221815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}