Business
Coronavirus: Manhattan luxury home owners find key to sale is accepting a loss of millions of dollars – The Australian Financial Review
The biggest pending deal was of two units listed for a combined $US26 million. The owner paid $US31.3 million for them in 2016.
Manhattans priciest apartment contracts last week had one thing in common: The sellers lost money.
The biggest pending deal was at 551 W 21st St, where two units last listed for a combined $US26 million ($33.5 million) found a buyer after three years on and off the market, according to a report by brokerage Olshan Realty. The owner, who acquired the apartments at the Foster + Partners-designed tower as an investment, paid $US31.3 million for them in 2016 and tried selling them the following year…
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