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Halstead Properties reaches $1B in residential sales.

The Halstead Property Company, which was founded in 1985 and grew quickly to become one of the largest residential real estate brokerage firms in Manhattan, achieved the $1 billion mark in total sales on May 20, 1992.

The billion-dollar deal was for a two-bedroom, pre-war cooperative located at 260 West End Avenue. The selling price of the unit was $242,500. The buyer, Mark Lederman, a textiles executive. is returning to Manhattan from Hoboken.

We're sensing a renewed faith in the city in certain segments of the economy," said Clark Halstead, managing partner of the firm that bears his name and co-chairman of the residential committee of the Real Estate Board of New York.
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Title Annotation:Halstead Property Co.; $1 billion
Publication:Real Estate Weekly
Date:Jun 17, 1992
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