New York City’s property market delivered another robust day of activity on Tuesday, December 9, 2025, logging 186 transactions totaling $853 million in the 24 hours leading up to 4:00 p.m., according to data from The Real Deal. From a major institutional office sale to high-end residential trades, the day showcased activity across multiple asset classes.
Oxford University Sells Garment District Office for $40 Million
The headline deal on the commercial side came from the Garment District, where the University of Oxford sold its office space at 355 Fifth Avenue—the historic B. Altman & Company Building—to Benchmark Properties for $40 million.
The sale includes two large units formerly used by Oxford University Press:
- • 99,700 square feet
- • 20,100 square feet
Oxford originally acquired the space in 1994. Benchmark Properties has already indicated plans to renovate and reposition the property, signaling long-term confidence in Midtown’s office recovery and adaptive reuse potential.
Residential Market: Upper West Side Leads With $7.3M Condo Purchase
On the residential front, the top sale of the day was a $7.3 million condo at 50 West 66th Street, part of Extell’s prestigious new tower on the Upper West Side. Buyers Abigail Hoffman and David Aboodi, a finance professional, purchased the 2,500-square-foot, three-bedroom residence, which traded for about $2,900 per square foot.
The transaction underscores continued strength in luxury new-development product, especially on the Upper West Side’s increasingly coveted corridor of architecturally ambitious buildings.
Queens Retail Center Trades for $12 Million
Another notable commercial transaction involved United Properties Corp., which sold a 16-unit retail property at 71-26 Main Street in Queens for $12 million.
The buyer, an LLC tied to Gil Zaburov, acquired the 28,000-square-foot, single-story site, which had been long-held by the seller. Retail investment activity in outer boroughs has been steady, driven by neighborhood-serving tenants and stable occupancy.
Billionaires’ Row Sees a $7M Trade—Below Its 2018 Price
In Midtown, a condo at 157 West 57th Street—one of the earliest towers along Billionaires’ Row—sold for $7 million, slightly below its $7.2 million sale price from 2018.
The property, managed by an LLC tied to Vlad Torgovnik of Millennium Management, spans more than 2,400 square feet with two bedrooms and two-and-a-half baths.
It first hit the market in early 2024 for just under $8 million. Serhant agents Scott Francis, Sara Gore, and Ashley Brooke represented the seller.
Kips Bay Townhouse With Lap Pool Sells for $5.8 Million
Rounding out the day’s top residential trades, Amy Pollner Moritz, daughter of oil executive Ben R. Pollner, sold her 21-foot-wide townhouse at 308 East 30th Street in Kips Bay for $5.8 million.
The property features:
- • An owner’s duplex
- • Two additional apartments
- • A rare in-ground lap pool in the backyard
- • 5,100 square feet of interior space
- • 1,800+ square feet of outdoor space
It was originally listed for $6.3 million in August 2024. Douglas Elliman agents Nadia Bartolucci and Alyssa Rainford represented the seller. The buyer is an LLC associated with Peter Maglione and Christine Reilly.
With major office repositioning plays, new-development demand, and stable activity in both luxury and outer-borough markets, the day’s transactions reflect the continued depth and diversity of New York City’s real estate landscape.
