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Manhattan luxury condo sales skew apartment prices: report

Units sold at 432 Park Avenue, a 96-story tower, have garnered the most number of sales in a listing of the 25 highest- priced condos, according to CityRealty.

New York

A BOOM in newly built luxury apartments in Manhattan has skewed prices for the overall residential real estate market in the borough and masked a sharp drop in transaction volume over the past five years, a property report on Wednesday showed.

The number of apartment sales...

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