Manhattan’s luxury market cools off after hitting year high
After a banner run of dealmaking, Manhattan’s luxury market hit the brakes last week. Buyers signed contracts for 26 homes in the borough asking $4 million or more between March 9 and March 15, according to Olshan Realty’s weekly report. The total was significantly lower than the previous period, when 43 properties entered contract — the highest number of inked deals in about a year. The most expensive home to find a buyer was a penthouse at Skyline Developers’ 200 East 79th Street, with an asking price of $18 million. The 4,900-square-foot condo, which hit the market in October, last […]
This article originally appeared on The Real Deal. Click here to read the full story.
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