Uncertainty cooled Brooklyn investment sales in 2025

January 19, 2026 / no comments

Brooklyn’s investment sales market bent in 2025, but it didn’t break. The borough logged $6.6 billion in commercial property trades across 1,191 deals, according to TerraCRG’s 2025 Brooklyn Market Report. That marked a 16 percent drop in dollar volume from 2024, even as the transaction count was basically flat. “The prevailing theme is definitely uncertainty,” TerraCRG Dan Marks said during a conference call. “There are many open questions that are likely to be resolved … in 2026, and those outcomes are going to have a meaningful impact and implications for both owners who are deciding to sell and buyers regarding […]

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Charles Cohen seeks more time for Fortress debt, but lender says game over

January 19, 2026 / no comments

Developer Charles Cohen wants a New York court to give him additional time to resolve a $187 million personal debt owed to Fortress Investment Group, arguing that he has made progress toward repayment and is actively pursuing further asset sales.  Cohen said he has worked “tirelessly” over the past 18 months to reduce the obligation, including selling two New York buildings to Vornado Realty Trust and using $52 million of the proceeds to pay Fortress, according to a Jan. 13 affidavit reported by Crain’s New York. He contends that despite what he characterizes as excessive litigation from Fortress’ attorneys, his […]

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Socialite Shafi Roepers snags deal for UES co-op after 10 years, 50% off

January 19, 2026 / no comments

Socialite Shafi Roepers finally found a buyer for her Upper East Side co-op.  Roepers’ apartment on the third floor of 4 East 66th Street, asking $30 million, snagged a contract, roughly a decade after she first listed it with a $65 million price tag, according to a StreetEasy listing.  Roepers bought her ex-husband, hedge funder Alexander Roepers, out of the property for $15.8 million in 2013. She started shopping the five-bedroom abode two years later, though it underwent multiple price chops before landing a pending deal.  The full-floor home has seven bathrooms and four fireplaces. It also features a Juliet […]

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NYC’s top deals: Lincoln Square penthouse sells for $51M

January 19, 2026 / no comments

🏆Residential: The top residential deal to hit records was the sale of billionaire developer Stephen Ross’ former penthouse at 25 Columbus Circle in Lincoln Square. The full-floor penthouse, which traded between two anonymous LLCs, sold for $50.7 million, or $6,200 per square foot. The unit measures more than 8,200 square feet and has five bedrooms, six bathrooms and floor-to-ceiling windows overlooking Central Park. Sotheby’s International Elizabeth Sample and Brenda Powers represented both parties in the transaction. 🏆Commercial: Creative Industries Corporation offloaded a multifamily property at 54 Carmine Street in the West Village that it had owned since the 1980s for […]

This article originally appeared on The Real Deal. Click here to read the full story.