NYC's top deals: NJ firm sells Bronx office for $16M

There were 223 transactions totaling $333 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, June 10.

🏆 Commercial: The biggest commercial sale to hit records was for a commercial building and two parking facilities in the Bronx at 2244-2248 Westchester Avenue for $16.3 million. Companies tied to Clifton, New Jersey-based Arctrust sold the property to Jackson HT. Roosevelt Development. The building spans about 30,000 square feet and stands two stories tall.

🏆 Residential: The top home sale to hit records in New York was a Lenox Hill penthouse at EJS Development’s 200 East 75th Street on the Upper East Side for $19.7 million. Built in 2025, the sponsor unit measures about 4,900 square feet with five bedrooms, five and a half baths and two terraces. The buyer was 200 East 75th Buyer LLC. Alexa Lambert, Susan Wires and Marc Achilles with Compass handled the listing.

📊 Commercial: In Long Island City, a unit in Century Development Group’s Vesta condo building and attached parking spaces at 11-36 45th Road sold for about $11.8 million. The buyer was Radha Soami Society Beas-America, a religious organization. This seven-story building was built in 2025. Kayla Lee with Serhant is leading sales at the property.

📊 Residential: A co-op at 101 Central Park West on the Upper West Side changed hands for $8.7 million. The seller was the estate of Martin Starger, a TV executive and film producer who died in 2024. The buyers were Seth and Elizabeth Segel. The three-bedroom residence has three and a half bathrooms and measures 3,300 square feet. The sale breaks down to more than $2,600 per square foot. Douglas Elliman’s Ann Cutbill Lenane represented the seller, and Cathy Taub with Sotheby’s International Realty brought the buyers.

By some measures, it’s more expensive than ever to buy a home in the U.S. But it’s still cheaper than renting — if you can stay in that house for at least six years.

That’s according to a new report from Zillow, which found that owning a median-priced single-family home, valued at $368,720 and with a 5 percent down payment, pays off after 5.9 years compared to paying for a rental with a median rent of $1,951 per month. With a 20 percent down payment, the break even time frame is six years.