Wednesday 24 July 2019

Billionaire buyers: The one group picking up NYC real estate while the rest of the luxe market is squishy

Nikki Field felt certain that she’d already laid eyes on the buyer of the penthouse at 212 Fifth Avenue. Looking with a forensic lens at her sign-in sheet last May, the Sotheby’s International Realty agent calculated that uber-wealthy buyers were waiting a minimum of eight months before signing contracts. “I said to Bob Gladstone, ‘There’s going to be no one new,’” she recalled, referring to the founder of Madison Equities, who converted the former manufacturing […]



source https://therealdeal.com/issues_articles/nycs-billionaire-buyers/#new_tab

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