New development is a fleeting business and, with some of its toughest competition having a head start on sales and marketing by decades, it’s not even a fair fight. A StreetEasy comparison of Manhattan’s largest closings (mainly condos) in 2005 and 2017 reveals that resales in landmark-designated buildings consistently nab deals that qualify as the borough’s top 10 percent, while new developments are one-hit wonders that slip from the upper-tier in short order. Although new […]
source https://therealdeal.com/2018/11/18/historic-manhattan-properties-routinely-beat-out-new-dev-in-closing-prices/
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