Trophy listings at lower prices

From the October issue: The ranks of Manhattan’s super-high-end listings may have shrunk over
the past year, but the city still boasts a number of properties with
sales prices north of $30 million. It’s no surprise that few of these mega-listings have traded in the
last year, with the global financial crisis paralyzing potential
buyers. But now, very high-end listings are beginning to generate
interest again, albeit at smaller price tags. (Case in point: Madonna’s
new $32.5 million Upper East Side townhouse, originally listed for $42
million in October of 2008). This month, The Real Deal looked at five of the city’s
priciest listings — some new, others market fixtures — along with
other noteworthy properties generating buzz this fall.