From the November Issue: When Zeckendorf Development’s triplex penthouse at 520 Park Avenue hits the market for a record-seeking price of $130 million next year, insiders will be watching closely, trying to glean insight about luxury real estate. For good reason. Concern about a luxury real estate bubble, once whispered, is now being voiced at full volume. [more]
Will the luxury ‘bubble’ pop?
Insiders are urging caution as high-end inventory rises