We looked at single-family homes, condo and coop units that sold in Manhattan during Q1 2010 and compared them with the current for sale inventory. From the chart it can be seen that the highest absorption rate is on the Upper West Side (48%), followed by Chelsea & Flatiron (34%) and by the Upper East Side (31%). Harlem, with 13%, has the lowest rate.
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The top price cuts this week for Manhattan residential properties included some truly amazing homes. The largest cut from the week was 16 West 12th Street, cut from $24,975,000 to 19,500,000. It’s a townhouse that was “home to such notables as Malcolm Forbes, Jimi Hendrix, and Edna St. Vincent Millay”
This wonderful masterpiece at 240 Centre Street in Little Italy was designed by the world…
The major brokerages in New York just published their quarterly market reports on the state…
Silverstein Properties is set to add the American Broadcasting Co.’s (ABC) New York City campus…
PropertyShark Staff 