A 24-story Downtown Brooklyn tower finished in 2023 and never leased will become 239 rental apartments, financed by a $208 million first mortgage construction loan from Northwind Group.
A Midtown penthouse at 111 West 57th Street sold for $41.75 million, leading the five highest-priced home sales reported in the New York metro area for the week ending August 16, 2026.
An apartment in a 1901 Lafayette Street building sold for $42 million to lead the five highest-priced home sales publicly reported in the New York, New York metro area for the week ending August 9, 2026.
A Staten Island judge temporarily blocked New York City’s enforcement of its new pied-a-terre tax on luxury second homes, but the city’s automatic appeal kept the rollout in force pending an Aug. 31 hearing, as brokers report owners shifting high-value units into the rental market.
NYC’s Department of Buildings inspected 180 sites tied to the July Pfizer building near-collapse, finding 65 violations and issuing 19 stop-work orders, but no evidence conversions are inherently unsafe.
A penthouse atop Manhattan’s landmarked Sohmer Piano Building sold for $10.147 million at Sotheby’s New York, headlining a two-day Concierge Auctions sale that drew more than $520 million in aggregate bids across eight properties.
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