Condos in Manhattan Luxury Building Sell Fast, Signaling Market Resilience

  • 📰 WSJ
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Manhattan luxury condos are still selling well, despite the stumbling stock market. “There’s a fairly deep pool of rich people running around.”

A new boutique condominium in Manhattan’s exclusive Greenwich Village neighborhood sold nearly all its units in 10 days, the project’s developers said, a sign that New York City luxury is still showing some demand even as theTwenty-four of the building’s 28 condos sold within the past few weeks through a so-called whisper campaign, meaning they were advertised by word-of-mouth rather than a...

marketing effort, said Mark Moskowitz, chief executive of Argo Real Estate. The average unit sold at $3.5 million, or $3,000 a square foot, which by that measure was a slight premium to other high-end buildings. In the past four months, the average luxury condo in Manhattan sold for about $2,800 a square foot, according to Donna Olshan, president of Olshan Realty, who tracks luxury sales of $4 million or higher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Carbon copy of 2007.

Internet in Iran might be completely shut down soon. Speak up about this and know that silence of Iran means a huge massacre of protesters in streets or prisons. They'll blame this on other countries just like everything else. Be our voice, don't let this happen. MahsaAmini

Today on Nov. 15th most of the cities in Iran are in nationwide strikes. All people have closed their stores in traditional Bazars and grand malls. Protests have been started in streets in different cities and are increasing. We're unstoppable! مهسا_امینی MahsaAmini

The rest of us just want to afford food after bidenflation.

Lol

Of course Biden only screwed the middle class and poor wanting to buy a home🙄😏

Jajajajajaja

Accepting donations here!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines