Tony thoroughfare go loafer to loafer on sales
From the June issue: The rich are different, and so are their comps. Just take Fifth and Park avenues. The two tony thoroughfares, between East 59th and East 96th streets, share much in common: large apartments in architecturally striking doorman buildings, with socially prominent neighbors on leafy Upper East Side blocks. Yes, Fifth Avenue units are almost always more expensive, a premium that can be explained by their proximity to Central Park. But for the last decade, the difference in prices has varied wildly year to year, from as little as 8 percent to as much as 38 percent. [more]
