A $39.8 Million Manhattan Penthouse Enters a Tough Market

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Tough sell? A Midtown Manhattan penthouse is asking $39.8 million in a slow market

A duplex penthouse at the Centrale, an over 800-foot residential skyscraper under construction in Midtown Manhattan, is coming on the market for $39.8 million.

The listing comes at a time when the New York luxury market is struggling amid an oversupply of high-end condo inventory. The median sales price for a luxury home—characterized as the top 10% of condo and co-op sales—slipped by 1.3% in the first quarter of 2019, compared with the same period last year, according to a report by Douglas Elliman. The number of sales in...

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1% are hurting. More tax cuts please.

Sad, sad, sad! All the warmth of a hospital waiting room. Just another example of the new owner being able say he paid the highest price ever! Yes, many people do get off on that!

That’s chump change

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