clock menu more-arrow no yes

Filed under:

Inside the Condo Market Frenzy

Just when you think things can't get any worse in the NYC real estate market, Motoko Rich reports, somehow they do:

In October, AnneMarie Alexander, then a broker with Prudential Douglas Elliman, took some brochures and parked her BMW 740 in front of a hole in the ground on 17th Street in Chelsea. She proceeded to sell five luxury condos ? at prices above $1 million each ? from the back seat of her car. "I showed them the site through a hole in the fence," Ms. Alexander said.
We're running out of ways to make ourselves laugh instead of cry.
· Condo Fever Turns Buyers Into Early Birds [NYTimes]