The penthouse at World Wide Group and Rose & Associates’ 252 East 57th Street started life in 2014 asking an aspirational $37.5 million. Last week — with the building now complete and the market vastly different — the unit finally went into contract asking $23.75 million, a drop of 36 percent. It was the priciest of 20 contracts signed last week, according to a market report from Olshan Realty, illustrating the negotiations developers are engaging
source https://therealdeal.com/2020/02/18/with-asking-prices-in-freefall-luxury-market-sees-strong-week/
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