A townhouse owned by the estate of late Iranian princess Ashraf Pahlavi was first listed for $49.9 million in 2014. Last week, it went into contract, asking just $11.45 million. The price chop followed years of legal disputes over the Midtown East property, and two failed sales. Still, it was a welcome development for New York’s weakened luxury residential market, which these days is notching any deal as a win. In total, there were four
source https://therealdeal.com/2020/06/08/noteworthy-deals-offer-new-hope-in-the-luxury-market/
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