From the May issue: The building that has bragging rights to the
most expensive closing in Upper Manhattan, with a penthouse apartment
that sold for $15 million, has dozens of other units sitting empty and
unsold. Marketing at 1200 Fifth Avenue, a conversion of an Emery Roth
building located between 101st and 102nd streets, first started in
mid-2006, when the Harlem real estate market was peaking. And while the
marketing campaign claims the building is in the “heart of the Upper
East Side,” some brokers say its lofty Upper East Side price tags minus
that actual location have hindered sales. Note: Correction appended
[more]