The week of February 5–12 saw 242 property transactions recorded across New York City, generating over $850 million in total sales volume — a snapshot that reveals a market still very much in motion despite broader economic headwinds.

Brooklyn led in sheer deal count with 125 transactions, while Manhattan dominated on a dollars-per-deal basis at an average of $13.1 million per sale — more than five times any other borough. The data, sourced from NYC ACRIS filings recorded February 12, spans residential multifamily, commercial, industrial, and land transactions all priced at $1 million and above.

The week’s story, however, isn’t just about volume. It’s about the types of assets trading hands — and what that signals for buyers, sellers, and brokers watching this market closely.

Manhattan: Fewer Deals, Maximum Dollars

With only 25 recorded transactions, Manhattan accounted for just 10% of the week’s deal count — yet generated $328.6 million, or 38.7% of total volume. That concentration tells the real story: when Manhattan trades, it trades big.

The week’s crown jewel was a paired SoHo transaction: 65 and 67 Greene Street closed simultaneously at $31.75 million each, totaling $63.5 million for the mixed-use portfolio acquired by Greene Propco LLC. Just blocks away, 535 Broadway — a prominent SoHo retail asset — changed hands for $22 million, underscoring sustained demand for well-located street-level commercial in the neighborhood.

The Garment District saw one of the most intriguing industrial plays of the week: 254 West 35th Street, a 106,642-square-foot light manufacturing building, sold for $26.2 million. At roughly $246 per square foot, the trade reflects continued investor interest in conversion-ready Midtown South assets as office-to-residential pressure builds. Meanwhile, 1220 Broadway — a 75,547 SF commercial office building — closed at $31.6 million, a signal that mid-size Midtown office product is still finding buyers at the right basis.

Brooklyn: Volume Leader, Value Play

Brooklyn’s 125 deals — more than the other three boroughs combined — reflect the borough’s role as the city’s most active investment market for small-to-mid-cap assets. Three-family brownstones, two-family brick buildings, and mixed-use walk-ups dominated, concentrated in neighborhoods like Sunset Park, Bay Ridge, Park Slope, and Williamsburg.

But Brooklyn also produced the week’s most compelling commercial story: 444 Carroll St in Carroll Gardens closed for $19.36 million. The unlicensed parking lot — essentially raw land in one of Brooklyn’s most desirable residential corridors — signals development ambition at a premium. At 444 Carroll, GW Carroll LLC is betting on entitled ground in a market where buildable sites at this price point are increasingly scarce.

The industrial side of Brooklyn had a standout week as well. 56 Meserole Street, a 27,800 SF warehouse in Williamsburg, traded at $15.5 million — roughly $557 per square foot, a number that would have seemed aggressive just three years ago. Industrial and flex assets along the Brooklyn waterfront continue to command outsized prices relative to their class.

Top 15 Transactions of the Week

Here are the fifteen largest recorded sales, spanning SoHo lofts, Midtown office, Williamsburg industrial, and Flushing hospitality.

Commercial Deals in Focus

Of the 242 total transactions, 53 — or 22% — involved commercial, industrial, or mixed-use assets with meaningful commercial components. Here are the week’s most notable commercial plays:

What This Week’s Data Tells Us

A few themes emerge clearly from this week’s filings. First, the $1M–$2M tier remains the workhorse of the NYC investment market — 144 of 242 deals, or 59.5%, fell in this range. These are primarily two- and three-family properties in Brooklyn and Queens, the bread-and-butter of local brokers and individual investors.

Second, Manhattan’s efficiency is striking. Twenty-five deals generating $328 million means the average Manhattan sale is doing the work of more than five Brooklyn deals. The SoHo cluster alone — Greene Street, Broadway, and nearby assets — accounted for nearly $85 million in just three transactions.

Third, industrial and warehouse assets are still commanding serious premiums. Between Meserole Street in Williamsburg ($557/SF) and the Garment District manufacturing play on West 35th ($246/SF), the story of industrial repricing in New York remains very much unfinished.

For owners, operators, and investors watching this market: the data continues to support selective, well-located asset acquisition across all boroughs. Pricing power remains concentrated in Manhattan, but value and velocity live in Brooklyn and Queens.