Listings in top buildings linger on the market

Available units in high profile buildings are lingering on the resale market, and few people are stepping up to buy them. At Trump International last week, 19 apartments were listed for sale, including the $28 million penthouse owned by Italian film producer Vittorio Cecchi Gori. At 15 Central Park West, 16 apartments are for sale, and the Plaza has 33 listings, including a six-bedroom apartment that includes what was once the Frank Lloyd Wright suite. Adam Modlin, a principal of the Modlin Group, said buyers are looking to purchase homes at “what they think prices will be in six months,” and are waiting for prices to drop further. Louise Sunshine, founder of the Sunshine Group, is not advising sellers to cut prices. “I would advise anybody who lives in a quality building to raise their prices and have patience, because nothing is going to move until people have confidence,” Sunshine said.

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