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NYC's top deals: Soho condo trades for $7M. TRD reports top transactions for Wednesday, Sept. 30, 2026 Research by There were 230 transactions totaling $258 million recorded in New York City in the 24 hours before 4 p.m. on Wednesday, Sept. 30. Residential: The most expensive residential real estate deal to come online was in Soho, where trusts tied to financier Ketan Parekh and Monika Parekh bought a 2,700-square-foot condo at 325 West Broadway for $7.4 million. The seller was Garden Heights Investments, LP, which purchased the four-bedroom pad in 2017 for $7.8 million. The latest deal breaks down to $2,700 per square foot. The condo first went on the market last year, but its most recent asking price was $7.9 million. Serhant's Christopher Prokop, Ryan Serhant, Vikrant Patel and Lara Maric had the listing. Commercial: Staten Island had the top commercial deal to hit records. The New York City School Construction Authority purchased a parking lot at 25 Wall Street for $15.3 million. The seller was an affiliate of Muss Development. The site will be home to the Curtis High School Annex, which will provide 100 additional seats. Commercial: In Queens, a 13,800-square-foot Fine Fare supermarket location at 41-25 102nd Street in Flushing sold for $8.2 million. The seller was a company managed by Ronald Potash. The buyer was an LLC led by Jose Corona. The property had been in the Potash family for decades. Commercial: In the East Village, a five-story walk-up at 17 East 7th Street traded for $6.6 million. The seller was an affiliate of Benchmark. The buyer was 17 East 7th St Holdings LLC, tied to John C. Park. Benchmark purchased the property, which has 20 apartments, in 2020 for $4.7 million. Residential: On the Upper East Side, a trust tied to Michell and Ryan Sit paid $5.4 million for a sponsor unit at Naftali Group's 255 East 77th Street. The three-bedroom, three-and-a-half-bathroom unit spans just over 2,000 square feet, pricing the sale at $2,700 per square foot. The condo also has a terrace. It went on the market in February 2025 with an asking price of $5.3 million. Compass' Alexa Lambert, Alison Black and Shelton Smith are handling sales at the development. Florida's luxury housing markets continue to outpace the nation, posting some of the steepest price gains in the country last month. Miami, Fort Lauderdale and Tampa posted the top three increases in their median prices for luxury homes for the three months ending Aug. 31, according to data from Redfin, which defines the luxury market as the top 5 percent of homes in a metro region. If you like this digest, you can get it even earlier - every evening - by subscribing to TRD Data, here. Don't see what you are looking for? For questions about custom research, ask a TRD Data Pro.
NYC school seats expand by 4,656 as new facilities open. NYC school seats will increase by 4,656 for the 2026-27 academic year as new buildings, additions, annexes and room conversions open across the city. The expansion adds capacity days before classes begin on Sept. 10, with Queens receiving the largest share of seats tied to the 10 major facility projects. Key takeaways. * New York City is adding 4,656 school seats for the 2026-27 school year. * Ten new or expanded facilities account for 4,272 seats, while room conversions at 10 existing schools add another 384. * Queens receives 2,344 of the 4,272 seats tied to the major facilities, nearly 55% of that total. * The John Dewey Annex in Brooklyn adds 553 middle school seats and cost $77.71 million. * New capacity is opening as NYC Public Schools continues work toward state class-size requirements now due for full compliance by September 2030. Queens receives the largest share of new capacity. New York City is opening 10 new or expanded school facilities for the 2026-27 school year, adding 4,272 seats through those projects. Room conversions at 10 existing schools add another 384 seats, bringing the citywide increase to 4,656. Queens has the largest concentration of the major projects, with five facilities adding 2,344 seats. That represents nearly 55% of the 4,272 seats tied directly to the listed new buildings, additions and annexes. The largest single project is Q497 New High School at 165-15 88 Avenue, which adds 876 seats. Queens is also receiving a 463-seat addition at J.H.S. 216, a 451-seat new elementary school identified as Q340, a 325-seat addition at P.S. 116 and a 229-seat addition at P.S. 95. Brooklyn receives another 1,653 seats through four major projects, while Manhattan receives 275 through the New York Harbor School Annex. The separate room-conversion work covers 10 existing schools across all five boroughs, although the Sept. 8 announcement did not identify each conversion project individually. The added space arrives during broader changes across the school system, including adjustments in NYC education spending, staffing and classroom planning. John Dewey Annex adds 553 middle school seats. The John Dewey Annex in Gravesend is one of the largest Brooklyn projects opening for the academic year. Located at 106 Avenue X, the three-story facility adds 553 seats for students in grades six through eight and sits next to John Dewey High School. According to the city, the annex cost $77.71 million and was designed by the New York City School Construction Authority. The building contains 18 general education classrooms and two special education classrooms, along with science laboratories, art and music rooms, reading and speech resource rooms and a library. The facility also includes guidance and medical suites, dining areas, a full kitchen, an outdoor playground, an exercise room and a gymatorium with locker rooms. Schools Chancellor Kamar Samuels said the annex would provide "high-quality instructional spaces for over 550 students while helping us meet class size requirements." Brooklyn's other major projects include a 517-seat addition at P.S. 206, a 487-seat new intermediate school identified as K004 and 96 seats at the K280 Educational Campus. Together with the John Dewey Annex, the four Brooklyn projects represent nearly 39% of the 4,272 seats tied to the major facilities. The mix of additions, annexes and newly constructed buildings also shows how the city is creating capacity through several types of projects rather than relying exclusively on new standalone schools. NYC school seats expand alongside class-size requirements. The additional NYC school seats are opening as the city works toward New York State's class-size requirements. Current state law sets limits of 20 students in kindergarten through third grade, 23 students in grades four through eight and 25 students in high school classrooms. Physical education classes and performing groups have a separate limit of 40 students. Legislation enacted in June 2026 extended New York City's deadline for full compliance from September 2028 to September 2030. The numerical limits themselves were not changed. NYC Public Schools released its 2026-27 class-size reduction plan in June and posted the updated plan on Sept. 4. The framework combines classroom construction, use of existing school space and teacher hiring as the system works toward the required class-size levels. Physical classroom capacity is therefore one part of the broader compliance effort. Adding seats can provide more usable space, but staffing and the distribution of students among classrooms also affect whether individual classes meet the required limits. The 2026-27 academic year begins Thursday, Sept. 10. Students are also returning amid other systemwide changes, including new classroom AI rules affecting younger grades. Ten major facilities account for 4,272 seats. The 10 major projects together account for 4,272 seats. Q497 New High School in Queens is the largest at 876 seats. The John Dewey Annex follows with 553 seats, while the P.S. 206 addition in Brooklyn provides another 517. K004 New Intermediate School in Brooklyn adds 487 seats. The J.H.S. 216 addition in Queens adds 463, and Q340 New Elementary School adds 451. Other projects include 325 seats at the P.S. 116 addition in Queens, 275 at the New York Harbor School Annex in Manhattan, 229 at the P.S. 95 addition in Queens and 96 at the K280 Educational Campus in Brooklyn. Room conversions at 10 existing schools provide the remaining 384 seats and bring the overall citywide increase to 4,656. For individual families, the effect of the additional capacity will depend on neighborhood, grade level, admissions arrangements and how each building is used. The 4,656 figure measures additional physical capacity across the system rather than a uniform change in classroom conditions at every school. Frequently asked questions. How many new NYC school seats are being added for 2026-27? New York City is adding 4,656 school seats for the 2026-27 school year. Of those, 4,272 come from 10 new or expanded facilities and 384 come from room conversions at 10 existing schools. Which borough gets the most seats from the major projects? Queens receives 2,344 of the 4,272 seats connected to the 10 major facility projects. That represents nearly 55% of the capacity provided through those projects. How many seats does the John Dewey Annex add? The John Dewey Annex in Gravesend adds 553 seats for students in grades six through eight. The three-story facility cost $77.71 million and contains general and special education classrooms, laboratories, arts spaces and student support facilities. When does the 2026-27 NYC school year begin? The 2026-27 New York City public school year begins Thursday, Sept. 10, 2026. The new and expanded school facilities are opening as the academic year gets underway. How do the new seats relate to class-size requirements? The new NYC school seats provide additional physical classroom capacity as the system works toward state-mandated class-size limits. Full compliance is now required by September 2030, with limits of 20 students in K-3, 23 in grades 4-8 and 25 in high school. Reporting and analysis from the NY Weekly editorial desk. Get pre-approved at fundivi before your next opportunity is gone.
Sidewalk shed & scaffolding for NYC schools PS 139 case study. A sidewalk shed is a temporary overhead structure that protects pedestrians from falling debris during construction, and on New York City public school sites, it is usually the first structure installed - before any building repair work begins. NYC Best Scaffold recently completed one of these installations at PS 139 in Brooklyn, under a public contract with the New York City School Construction Authority (NYCSCA). The project offers a useful, real-world look at what sidewalk shed and pipe scaffolding work actually involves when the site is an occupied public school rather than a vacant lot or commercial building. This article breaks down what a sidewalk shed is, why NYCSCA projects follow a stricter process than private jobs, what happened on the PS 139 site specifically, and what to look for in a contractor if your school or public building needs the same kind of work. What is a sidewalk shed, and why does it come before everything else? A sidewalk shed is a temporary roofed structure, typically built from steel framing and a plywood or corrugated deck, installed over a public sidewalk adjacent to a building undergoing construction, repair, or facade work. Its function is narrow but critical: it creates a protected corridor so pedestrians can keep walking past the site without exposure to falling tools, debris, or materials. Pipe scaffolding is a related but distinct structure - a system of vertical and horizontal steel pipes, connected by couplers, that gives workers safe access to a building's exterior at height. On most NYCSCA jobs, the two go up together: pipe scaffolding runs along the facade so crews can reach the work areas, and the sidewalk shed extends out and down to cover the walkway below. Because both structures interact directly with public pedestrian space, New York City's Department of Buildings (DOB) treats them as life-safety systems, not just job-site scaffolding. That distinction matters more on a school site than almost anywhere else in the city. Why NYCSCA school projects follow a different standard. Public school construction in New York City runs through the NYC School Construction Authority, which manages capital projects for the Department of Education. NYCSCA contracts carry a level of oversight that goes beyond a typical private commercial job, for a straightforward reason: the buildings stay occupied by children, staff, and families throughout construction. A few things define how a sidewalk shed and pipe scaffolding job runs differently under NYCSCA compared to a standard private contract: DOB code compliance is non-negotiable. Every element of the shed and scaffolding - load capacity, decking, netting, lighting, signage - has to meet New York City Department of Buildings standards, and NYCSCA inspection adds another layer of review on top of that. The site is never fully empty. Unlike a vacant building, a public school has staff present during most hours the contractor is on site, even outside instructional time. Marked emergency exits must stay clear at all times. This is treated as an absolute requirement, not a scheduling preference, on any occupied school site. Work gets scheduled around the school day, not the other way around. Overnight or off-hours work is common specifically to avoid interfering with morning drop-off, dismissal, and the general flow of students and parents. Public funding means public accountability. NYCSCA contracts are subject to more scrutiny, more documentation, and more sign-off steps than a comparable private job. For a contractor, that combination - strict code compliance, an occupied site, and a population of children moving through it daily - changes the job from "install scaffolding" to "install scaffolding without ever creating a moment of risk for the people who use this building every day." Case study: the PS 139 Brooklyn installation. At PS 139 in Brooklyn, the scope was a full sidewalk shed and pipe scaffolding installation ahead of separate building repair work - the standard first phase of a NYCSCA capital project. The goal was to protect the school's entrances and the public walkway in front of the building before any exterior repair crews arrived on site. A few specifics from how the project was carried out: Overnight installation. The bulk of the physical build-out happened overnight, which kept the crew and equipment off the sidewalk during the hours parents, teachers, and staff were arriving. Full exterior coverage. Pipe scaffolding was run along the building's exterior to support the work to come, with the structure engineered to hold up under DOB load and safety requirements. Complete shed coverage over entrances and walkway. The sidewalk shed extended over both the school's entrance points and the full stretch of public sidewalk in front of the building, not just a partial section. Continuous exit access. Every marked exit remained clear and usable for the entire duration of the installation - checked and re-checked, not assumed. Final walkthrough and sign-off. Once the structure was up, the crew swept the site and walked the full structure a second time before closing out the job, confirming tightness and stability before handing it off. None of these steps are unusual in isolation. What makes them worth documenting is that they all had to happen in the right order, on the right schedule, around an active school population, without a single shortcut on code compliance. That is what a NYCSCA sidewalk shed project actually demands. What this means if you're evaluating a contractor for public school scaffolding. If you're a facilities manager, general contractor, or NYCSCA project stakeholder trying to evaluate who should handle a sidewalk shed or pipe scaffolding scope on a school site, the PS 139 project points to a few questions worth asking any contractor bidding on similar work: Do they have direct experience with NYCSCA or DOE contracts specifically? Public school scaffolding work isn't the same discipline as commercial or residential sidewalk sheds - the scheduling constraints, inspection requirements, and safety expectations are different, and a contractor without that specific experience is more likely to run into friction mid-project. Can they work off-hours without slowing the timeline? Overnight and off-peak scheduling is often the only realistic way to install a shed or scaffolding on an occupied school without disrupting drop-off, dismissal, or the school day. A contractor unwilling or unequipped to work those hours will either delay the project or create disruption the school can't absorb. Do they treat egress and exit clearance as a fixed constraint, not a variable one? On any site with children present, marked exits have to remain clear throughout construction - this should never be something a contractor treats as flexible depending on how the schedule is going. Is their structural work verifiable against current DOB code? A sidewalk shed is only doing its job if it actually meets Department of Buildings load, decking, and safety standards - ask for documentation, not just assurance. Do they walk and inspect the completed structure before sign-off? A final structural walkthrough - checking every connection point, every panel, every piece of decking - is what separates a shed that was built and a shed that was built and verified. The bigger picture: why this kind of work doesn't get noticed (but matters most). Sidewalk sheds and pipe scaffolding rarely get attention. They're not the finished renovation, the new roof, or the restored facade - they're the unglamorous structure that has to go up first and come down last, and most people walking underneath one give it no thought at all. But on a school site, that structure is the only thing standing between an active construction zone and a child walking to class every morning. Public contracts like NYCSCA jobs come with more oversight, tighter scheduling, and less room for error than private work - and that's exactly the standard this kind of project should be held to. NYC Best Scaffold builds sidewalk sheds and pipe scaffolding for public and private projects across New York City, with direct experience on NYCSCA and DOE school sites. If you have a public project that needs a shed or scaffolding installation done to code, on schedule, and without disruption to an occupied building, more information is available at https://nycbestscaffold.com/. Get Scaffolding Quote Services Areas
School Construction Authority acquires sites for three schools in Long Island City. The School Construction Authority announced it has acquired 5-46 46th Ave. from Plaxall, with a 600-seat school set to be built on the site following the demolition of the existing building. The New York City School Construction Authority (SCA) has acquired sites for three new schools in Long Island City in the first major development of the OneLIC Neighborhood Plan. SCA announced last month that it has reached initial agreements to acquire three sites in the neighborhood following the inaugural meeting of the OneLIC Oversight Task Force. OneLIC, which was approved unanimously by the City Council last November, will rezone more than 50 blocks in the neighborhood to create up to 14,700 new homes, 4,300 of which would be permanently affordable. The Council voted in favor of the rezoning after Council Member Julie Won announced that she had secured $1.97 billion in commitments from the city during last-minute negotiations. Won pointed to "iron-clad" commitments to at least 1,300 new school seats, upgrades to the neighborhood's sewage and plumbing infrastructure, a $206 million investment in Queensbridge Houses and around 15 acres of open space, which includes a fully connected waterfront from Gantry Plaza State Park to Queensbridge Park. The One LIC Oversight Task Force, established to track the progress of city commitments, met last month to deliver what Won described as the "first concrete progress report" since the Council approved the rezoning last year. SCA informed the Task Force that it had sited a new 600-seat school at 5-46 46th Ave. after reaching an agreement with Plaxall. SCA will build either an elementary, K-8 or middle school at the site following the demolition of the existing building. The authority has also reached an initial agreement with a private owner to acquire a site at 43-58 11th St. for a new 650-seat school, while it is in negotiations to acquire a site at 22-09 Queens Plaza North, which would provide a further 650 seats. SCA is also in the final stages of acquiring 47-51 33rd St. for a new facility for the Baccalaureate School for Global Education. All site selections are subject to City Council approval and are expected to come before the Council later this year. Won welcomed the announcement, describing the site acquisitions as the "first step" toward closing the gap between Long Island City's population and its available school seats. "Families living in Long Island City have watched their children sit on waitlists for neighborhood schools year after year while new housing kept going up around them," Won said in a statement. "These site acquisitions are the first steps to close that gap, giving neighborhood families access to school seats while the City continues to fulfill commitments promised during the OneLIC Neighborhood Plan. "Residents will soon be able to raise their families without having to choose between housing and local education and walk their children to school in a complete neighborhood." Won vowed that she would hold the city accountable for every promise it made during negotiations for the OneLIC rezoning. Reach me at [email protected] All comments are subject to our Community Guidelines. Schneps Media does not endorse the views shared by readers in our comment sections.
Mamdani names new head of NYC public school construction. June 12, 2026 01:13 PM EDT Mayor Zohran Mamdani plans to name construction executive Celeste Ramirez as president of the New York City School Construction Authority on Friday afternoon, putting fresh leadership atop the publicly funded organization responsible for building and modernizing the city's public schools. Ramirez, assuming she is approved by a small oversight board made up of Mamdani allies, will succeed Nina Kubota, who was appointed to the role in 2021 under former Mayor Bill de Blasio and remained in the role throughout the Adams administration. The change, first reported by Crain's, comes as the city looks to meet state-mandated reductions in class sizes, upgrade aging school buildings and explore whether public spaces such as schools can also be used to help address the city's affordable housing crisis. The SCA designs and builds public schools across the five boroughs. It also oversees additions and repairs. Mamdani's "Block by Block" housing plan, released May 26, calls for the city to consider co-locating housing with schools, libraries and other community facilities when those assets undergo major renovations or new construction. Ramirez will likely be a central figure in any such school plan. Ramirez previously worked at the SCA from 1997 to 2003 as manager of community and government relations and operations in legal affairs. In 2004, she founded Bronx-based CARA Construction Management, which works in educational facilities, among other areas. Ramirez also later returned to the SCA as a consultant. Mamdani said in a statement that Ramirez brings "decades of experience, a deep commitment to public service and firsthand knowledge of the work ahead," and said her leadership will help the city "accelerate the construction of the classrooms we need to meet class-size requirements, modernize our school infrastructure and ensure every student has access to a world-class learning environment." Ramirez, who was born in the Dominican Republic and is of Puerto Rican descent, said her own experience as an immigrant student has helped shape her vision of public schools. "Throughout my life, I've seen the impact public schools have on our communities - first as a child, newly immigrated to this country, welcomed with open arms by my local public school, and then in my professional career, where I saw the ways physical infrastructure that inspires and innovates turns schools into true community centers," she said in a statement. Established in 1988, the SCA says it has provided more than 300,000 new school seats and overseen more than 12,500 capital improvement projects across 1,400 school buildings.
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