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Manhattan Luxury Market Slows at Top End | Real Estate News
Manhattan’s luxury real estate market hit a quiet patch last week, with just one high-end deal over $10 million closing — the fewest in six months. But the broader luxury segment (homes $4M+) bounced back, seeing 29 contracts signed after a sluggish Fourth of July week. The most expensive sale? A 3,800 sq ft Madison Ave condo for $21.8M — part of a new development set to finish next year. Second priciest: a Chelsea condo under $10M, formerly owned by a top soccer coach. While the ultra-luxury tier cooled, the rest of the market showed momentum, with an average sale price of $6.3M and most…
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