New York City’s residential reckoning

Arlene Reed is still reeling from a deal that took months to go into contract. By the end of February, the Warburg Realty broker was helping guide a buyer through an accepted offer on a $3.9 million apartment in a new construction condo project on the Upper East Side. But before the parties inked the contract, New York woke up to the threat of coronavirus. The stock market had taken a nosedive, businesses were shuttering

source https://therealdeal.com/2020/05/19/new-york-citys-residential-reckoning/