Off-market sales jumped across New York City in 2025, with Brooklyn posting $5.4B and Queens logging nearly 5,400 quiet deals.

BSA adopted rules to speed approvals for certain HPD‑backed affordable projects, and Sen. Erik Bottcher introduced a $250M fund that would pay municipalities per new unit.

The mortgage on Coach’s Fifth Avenue flagship was moved to special servicing amid default fears, putting pressure on one of Midtown’s highest-profile retail corners. Lenders and owners now face fast-moving decisions.

San Francisco AI firm Hightouch signed an ~18,000‑sq‑ft lease at 275 Seventh Avenue, nearly doubling its Manhattan footprint as the company scales in New York.

GFP Real Estate signed more than 43,000 s/f in new leases at 520 Eighth Avenue, adding theater, nonprofit, medical and storage tenants to the Midtown tower.

After decades assembling their Dakota co-op, Tribeca founders Jane Rosenthal and Craig Hatkoff cut $25.1M from the original ask. The 6,000‑sq‑ft pad is now listed at $13.9M.

A 17-unit East Village mixed-use building at 21–23 E. 7th Street sold for about $11M; the seller is a producer of the Broadway show "Jagged Little Pill."

Chicago-based Prosperity Partners signed a 10-year lease for the entire 11th floor at 575 Madison, taking roughly 24,400 square feet as it relocates from 460 Park Avenue.

A three-story Nolita storefront at 236 Bowery sold for nearly $45M, highlighting persistent investor demand for downtown retail assets.

The Chambers Hotel at 13–15 West 56th Street has been sold to Toronto investors for about $66 million. The shuttered Midtown property’s future is unclear as filings and permits remain pending.

Haussmann’s $41M construction loan clears the way for a 75‑unit, 10‑story building at 16–20 Convent Ave in West Harlem. The project will include permanently affordable homes under new city and state tools.

Hikari Power Z Co. paid $15.2M for a renovated six‑story walk‑up at 246 E. 53rd St. in Midtown East, a deal that follows a roughly $8.1M purchase and upgrades last year.

Maefield’s 20 Times Square loan moved back to special servicing after missing its May maturity, renewing foreclosure and restructuring questions for the landmark site.