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Luxury condo builders in New York find eager takers

Posted on 21 March 2013

In the latest sign that New York City’s luxury market remains hot, the developer of Manhattan’s tallest residential tower said it has signed contracts to sell more than a third of its luxury condo units two years before the building is set to be completed.
The building, known as 432 Park, has a total asking price for its 126 units of $2.7 billion, according to a filing this week with the New York attorney general. That amount reflects a 13% increase over July and is the highest total asking price ever for a Manhattan condominium. The building’s average asking price of $6,742 a foot also is near the top………………………………………..Full Article: Source


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