The Real Deal New York

The luxury market fallacy

Growth of Manhattan’s über-pricey residential market masks more concerning reality, including drop in activity

February 20, 2015 10:15AM
By C.J. Hughes

From left: Raphael De Niro and Leonard Steinberg

From left: Raphael De Niro and Leonard Steinberg

From the February issue: In the world of New York City real estate, the market for über-luxury apartments can seem like the only game in town. But despite the buzz about big-ticket sales, deals above the $5 million and $10 million mark are not as big a slice of the overall market as some might think, according to an analysis by The Real Deal of closed deals on the website StreetEasy. [more]

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