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New record price for "Downtown" condo

Started by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9877
Member since: Mar 2009
Discussion about
https://therealdeal.com/2018/04/27/california-private-equity-billionaire-makes-downtowns-priciest-buy-at-the-getty/
Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007

I guess the top end is not completely dead. However, not sure how many years of inventory we have for $10mm plus inventory. The calculations are hard as some available inventory as well as listings in contract are not reported.

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Response by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9877
Member since: Mar 2009

As far as I know the units in this building are being "privately marketed", as are those in the much larger 220 Central Park South, as well as the even larger 217 West 57th Street. So there are a large amount of Ultra Luxury units which are on the market but won't show up in the statistics.

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