More buyers walk away from deposits

October 07, 2008 08:52AM

Manhattan saw nearly 40 percent more residential deals fall through in September compared to August, according to StreetEasy. There were 130 people who walked away from deposits last month, up from 93 in August and 68 in July. A European banker walked away from a $500,000 deposit on a $5 million pied-a-terre he was going to use when in the city on business because his company’s U.S. operations “came to an abrupt halt,” the broker said.

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