The launch party for Extell Development’s 1010 Park Avenue in mid-October had all the trappings of a strong market: wall-to-wall brokers, a catered sushi bar and passed champagne flutes. But on a night meant to celebrate the luxe 11-unit condo project — where prices start at $12.95 million — Gary Barnett had a sobering message for brokers, telling them he’d cut prices three times ahead of the sales debut. That one of the city’s most active […]
source https://therealdeal.com/issues_articles/condo-discounts-new-york/#new_tab
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