Tough sell? A Midtown Manhattan penthouse is asking $39.8 million in a slow market
A duplex penthouse at the Centrale, an over 800-foot residential skyscraper under construction in Midtown Manhattan, is coming on the market for $39.8 million.
The listing comes at a time when the New York luxury market is struggling amid an oversupply of high-end condo inventory. The median sales price for a luxury home—characterized as the top 10% of condo and co-op sales—slipped by 1.3% in the first quarter of 2019, compared with the same period last year, according to a report by Douglas Elliman. The number of sales in...
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