The biggest winners and losers in Manhattan luxury resales

From the August issue: When Jets owner Woody Johnson accepted a $77.5 million offer for his Upper East Side apartment in October 2014, he hit on a euphoric moment in the New York City real estate market. The Johnson & Johnson heir’s apartment at 834 Fifth Avenue was one of three sales that broke the co-op price record that year.

Just three years later, however, his sister Libet’s estate is trying to sell her Upper East Side townhouse and contending with a much different market.

Following the socialite’s June death, her estate slashed the price of the property to $45 million — despite the fact that she paid $3 million more than that in 2011 and that the 12,000-square-foot home was initially listed in 2016 for $55 million.