Manhattan\u2019s top brokerages are locked in a turf war, but fight it in two distinct ways.<\/p>\n
Some firms cast a wide net across the borough, while others concentrate their power in pockets of the market.<\/p>\n
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There were 133 transactions totaling $299 million filed in New York City records from 4 p.m. on Friday, May 8, through 4 p.m. on Monday, May 11.<\/p>\n
\ud83c\udfc6 Commercial: The top recorded commercial deal was in the Garment District, where an office property at 242 West 38th Street traded for $9 million. The seller of the 14-story building, which spans about 48,000 square feet, was an entity tied to Resolution Real Estate that had owned it for almost three decades. The buyer was 242 West 8th Partners LLC, an entity tied to Joseph Cohen.\u00a0\u00a0<\/p>\n
\ud83c\udfc6 Residential: Rabina sold a penthouse at its luxury Midtown development, 520 Fifth Avenue, for $11.5 million, marking the priciest home sale to hit records in the Big Apple. The buyer was LRI-1 Real Estate LLC. The 2,600-square-foot pad, which sold for its asking price, has two bedrooms and two and a half baths. The sale breaks down to about $4,400 per square foot. Corcoran is handling sales at the property.<\/p>\n
\ud83d\udcca Residential: Ted Omlid, an executive at Evercore, and Sara Whitney paid $11.3 million, or more than $3,000 per square foot, for a condo at Madison Realty Capital\u2019s and City Urban Realty\u2019s 16 Fifth Avenue in Greenwich Village. The roughly 3,700-square-foot sponsor unit has three bedrooms and four and a half bathrooms. It went on the market in July with an asking price of $13.1 million. Corcoran\u2019s Dana Power and Catherine Juracich had the listing.<\/p>\n
\ud83d\udcca Residential: The estate of tax attorney Alfred Youngwood parted with a co-op at 1125 Park Avenue in Carnegie Hill for $6 million. The buyers were Elliot Berk and Stephanie Glaser, who works in corporate communications. The four-bedroom residence has three and a half bathrooms and went on the market in January for just under $5.8 million. Douglas Elliman\u2019s Ann Cutbill Lenane represented the seller.<\/p>\n