Bubble Wrap

Entry

Take My Park Avenue Apartments, Please!

The Observer reports on a UBS exec who has two Park Avenue apartments listed, with both going through significant price cuts, and one actually listed below what he originally paid for.

Anxiety has slowly crept into the normally high-chinned little world of Manhattan luxury real estate, though that doesn’t mean the very rich trying to unload very expensive New York apartments are actually getting desperate to sell. But maybe desperation is around the corner.

# posted about 12 months ago