Soho condo goes 9 months without selling

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Despite significant publicity, the recently converted graffiti-covered brownstone at 11 Spring Street, previously owned by former New York Post publisher Lachlan Murdoch, has been on the market nine months without selling one unit. The 19th-century stable and carriage house in Soho was purchased by two Florida developers, Caroline Cummings and William Elias, and converted to luxury apartments that are now selling for about $3,500 a square foot, far higher than the average Manhattan luxury price of $2,223 per square foot. Brokers say the property isn’t selling because of the high prices and the lackluster location on the corner of Elizabeth and Spring Streets.

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