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NYC Luxury Real Estate Shifts | Real Estate News

NYC Luxury Real Estate Shifts | Real Estate News

Published 1 month ago
Description

A jaw-dropping $45 million mansion on West 69th Street sold for way below its original asking price, showcasing the high-stakes, negotiation-heavy world of NYC luxury real estate. The 19,600 sq ft penthouse, complete with elevator, terrace, and lap pool, was snapped up by MI 8787 LLC — a steal for buyers and a major profit for sellers Pierre Bastid and Malou Beauvoir, who originally bought the duplex for $24.5M. Meanwhile, on Park Avenue, Robert Rifkind’s full-floor co-op at 820 Park Ave closed for $9.7M — a solid deal after months on the market. These deals reveal how even the most elite properties can see dramatic price swings, proving the luxury market is as unpredictable as it is glamorous.

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