There were 166 transactions totaling $1.1 billion filed in New York City records in the 24 hours before 4 p.m. on Wednesday, May 6, 2026. 🏆 Commercial: The top commercial real estate transaction to hit records came from the Archdiocese of New York, which sold the ground lease for the Lotte New York Palace hotel at 455-457 Madison Avenue for $491.1 million to the Seoul-based operator of the luxury property to fund the settlements of the survivors of clergy sexual abuse. The sale also includes a two-story neighboring building at 35 East 50th Street. 🏆 Residential: The priciest home sale […]
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