$2.5M deal top 1st quarter condo sale.$2.5M deal top 1st quarter condo sale Amid signs that the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. residential market is starting to revive To renew. For example, revival is the act of renewing the legal force of a contract or debt, either by acknowledging it or by giving a new promise, when the contract or debt is no longer a sufficient foundation for a lawsuit because it is barred by the running of the Statute , a two-bedroom apartment at 30 East 85th Street fetched the highest price for a luxury Manhattan condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. during the first quarter -- $2.76 million. The elegant 1,681-square-foot residence also achieved the highest price per square foot -- a healthy $1,531.82. so reports the latest edition of the Ambrose-Mar Elia "Luxury Condominium Sales Report", which tracks purchases in 46 of Manhattan's most prestigious condominium buildings. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jean Luban, vice president and head of AmbroseMar Elia's Condominium Sales Department, sales activity surged during the first three months of 1991. "There was more activity across the board in the first three months of this year than there was for the previous year, she said. "The slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in 1990 kept many potential sellers from putting their apartments on the market, keeping a significant amount of inventory out of circulation," she added. "The increased activity combined with the dearth of new product coming on-line in 1991, has created an increased demand for a decreased supply of luxury condominiums." Luban noted that sales activity was particularly strong at 188 East 64th Street, where eight apartments were purchased with prices ranging from a high of $1.62 million to $242,000. The second highest price paid during the quarter -- $1.98 million -- was for a 1,596-square-foot apartment on the 57th floor at Trump Tower Trump Tower Trump Tower is the name used for several skyscrapers owned and operated by real estate magnate Donald Trump. Each of these skyscrapers is predominantly composed of residential condominiums and found in major cities. . A 1,320-square-foot residence on the 31st floor at 101 West 79th Street was the third most expensive sale, with a purchase price of $1.85 million. In terms of price per square foot, the second highest was $1,401.51 for a 1,320-square-foot apartment on the 31st floor at 101 West 79th Street. The 57th floor condo at Trump Tower claimed the third highest price per square foot at $1,237.46. |
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