From the December issue: If you have $1 million to spend on a New York apartment, please accept our condolences. You’re one of the many, many buyers hunting for a home in the most sought-after segment of Manhattan’s residential market.
If you’re a broker with a listing, on the other hand, congratulations are probably in order because you’re likely to be facing a quick deal. [more]
Note: This is the first web installment of a magazine piece that dissects the residential market. Check back tomorrow for a look at the $3M to $5M price bracket.