27.03.2012 - Ultra-luxury market shows strong gains
The ugly duckling of top-end Manhattan real-estate listings is a six-story building on Fifth Avenue at East 62nd Street divided into a dozen offices and apartments. The asking price for the 25-foot-wide former Italianate mansion at 815 Fifth Ave. was $25 million when it went on the market last week. But brokers are saying it is attracting competing offers from around the world and will likely trade for more. The would-be buyers are looking to restore long-hidden details and transform the property back into an elegant private mansion...............................................Full Article: Source
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