Sovereign Partners is in contract to buy the 40‑story 575 Fifth Avenue in Midtown East for about $380 million, folding the retail condo into the sale.

The Upper West Side topped Manhattan in $4M-plus contract signings this week, driving a burst of luxury sales as spring buyers concentrate uptown.

A new restaurant is planned for the longtime Elephant & Castle site at 68 Greenwich Ave after the property changed hands. Crain's New York reports the buyer intends the ground‑floor space for an eatery.

A Downtown Jamaica site across from the LIRR sold for $25.5M; approved plans call for a 359‑unit, 306,454‑sf retail and apartment building tied to a 35‑year abatement.

A judge ordered Casa Blanca co-founders to open company books and deposit about $1.3M into court amid investor claims of improper payouts. The order restrains disputed withdrawals.

Parkview Properties paid $13.1M for 73 Starr St., a 24-unit Bushwick building in an off-market sale brokered by Bijou Equities.

Nearly $350M in state bonds and subsidies will back five projects to create or preserve 750 affordable homes from the Bronx to Utica. The awards are part of a $25B housing plan.

A full‑floor, park‑front condo at 106 Central Park South has listed for $16.375 million, offering a 2,600‑sq‑ft great room and museum‑quality finishes. The assembled simplex comes with sweeping Central Park views.

Forest Hills Jewish Center is in contract to sell its Queens Boulevard campus for $39 million; the congregation will relocate to a unit at the Perennial at Parkway.

The City Planning Commission approved a 27‑story, roughly 1,000‑unit development at 175 Third Street with canalfront park space and about 25% permanently affordable units. Developers say the plan also includes retail, artist space and elevated design to address flooding.

The Landmarks Preservation Commission found 158 South Oxford ineligible for landmarking, and demolition approvals plus new‑building permits make teardown likely. The mid‑19th‑century Italianate house now faces redevelopment pressure.

Sen. Rachel May wants a study to allow single‑stair mid‑rise buildings in New York to lower costs and open up more units; builders back it and fire officials push back.

A 75‑unit affordable lottery just opened at Aria 7 Platt (7‑13 Platt St) in the Financial District, offering 70–130% AMI units with rents from $1,819 to $4,484. Applications are due June 8, 2026.