A positive sign for luxury Manhattan real estate: a $55.5 million sale at 220 Central Park South
Manhattan’s ultraluxury market has been mired in a slowdown, but a building emblematic of the category just flashed a sign of life: A unit at 220 Central Park South has sold for $55.5 million, according to public records.
Jason Haber, a luxury agent at Warburg Realty who wasn’t connected to the deal, saw the sale as a positive sign for the market. “Even for that building, it’s a very big number. Even though it was signed in 2015, the buyer had the wherewithal and confidence to close. They could have walked,” he noted.
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