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New York

Hitting the market sweet spot

The lower end of the luxury market gets little fanfare, but a lot of action

Jonathan Miller Toni Haber Stephen Kliegerman
From left: Jonathan Miller, Toni Haber and Stephen Kliegerman

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From the March issue: Forget the über-luxury apartment sales that grab all the headlines. The far more dependable segment of the Manhattan market is much lower on the pricing totem pole: It’s between $1.5 million and $3.5 million. “The sweet spot is really this lower bracket, for the mere mortals among us. It’s where the action is,” said Jonathan Miller of appraisal firm Miller Samuel. [more]