Tuesday 31 December 2019

Kelly Mack on the new development boom of the 2010s

The 2010s were a time of decadence for real estate, according to Corcoran Sunshine chief Kelly Mack. The decade birthed the likes of uber-luxury condominiums like One57, 432 Park Avenue and 220 Central Park South. Ambitious developers and investor appetite pushed the median sale price in Manhattan to $1.025 million in the third quarter of 2019. That’s a jump from $850,000 in 2009, according to appraisal firm Miller Samuel. Since 2013 alone, more than 16,200



source https://therealdeal.com/2019/12/31/kelly-mack-on-the-new-development-boom-of-the-2010s/

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