Apthorp slashes prices

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Condo units at the Apthorp now start at $1.53
million, and the building is undergoing a $30 million renovation, according to a press release from Apthorp Management’s PR firm.
Closings at the building are expected to begin in the fall. “When
people talk about the deal that got away, or say ‘If only I had bought
there then,’ this is the property you will always hear lamented,” said
Howard Lorber, chairman of Prudential Douglas Elliman, which is the
exclusive sales and marketing agent for the building. Lorber said last month that prices were going to fall at the Apthorp because sponsors have to sign up a number of buyers before September, the deadline set in the offering plan. TRD