The Real Deal New York

Luxury units face mark downs

November 10, 2008 01:44PM

As of last week, 847 listings in Manhattan
priced over $5 million were marked down, 24 percent of them by at least 5
percent, according to Of the marked down units, 145 of them
were discounted in the past two months. At 15 Central Park
West, 11 apartments are for sale, and five of them have had price cuts. At
the Plaza, 24 units are for sale, nine of which were marked down.

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