Luxury sellers toy with higher prices

Sign Up for the undefined Newsletter

In late August, developer Aby Rosen caused tongues to wag when he bumped up the price of his newly renovated townhouse at 3 East 94th Street to $24.75 million from $23.75 million. While this asking figure pales in comparison to the space’s original price — $29.5 million — some say Rosen’s move was indicative of the changing luxury landscape in Manhattan real estate, one in which some sellers now feel comfortable raising their prices. Michael Lemos, a Greek shipping heir, is another seller toying with increasing his home price. He raised the asking figure on his 14-room co-op at 2 East 67th Street up to $45 million this summer. “The seller feels that $45 million is appropriate,” listing agent Dolly Lenz, vice chairman at Prudential Douglas Elliman, said.