New York City Luxury Real Estate Market Plunge in 2016: Report
New York City's luxury real estate market slowed down quite a bit this year, with the number of high-end sales decreased18 percent, realtors Olshan Realty Inc said Tuesday.
Olshan blamed co-ops for the drop, as demand has shifted to condos instead. But even still, the "golden years" of new condo construction have passed, the firm said.