Front-row seats: Luxury buyers pay a 25 percent premium to live on Central Park

… want a Central Park perch have long been willing to pay a premium to live along those rarefied blocks But the gap … found that in 2018 luxury buyers were willing to pay a premium of 25 percent to live on blocks bordering Central … Park were higher$1425000 and $1572178 respectivelythe premium that buyers were willing to pay was much higher 64 …

By Jennifer White Karp |September 25, 2018 - 1:30PM
New record set for the number of NYC apartment sellers cutting prices after Labor Day

… NYC apartment listings exceeding the previous record of 713 for the week of March 22 2009 The figure from the week … 49 percent of all NYC apartments and houses listed for sale that week The median price cut for the week was $50000 … only slightly below the record level set this past spring Brooklyn saw 411 new properties on the market the same week …

By Donna M. Airoldi |September 21, 2018 - 1:00PM