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Dolly: Manhattan Condos Hit Bottom

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Unbiased, impartial real estate observer Dolly Lenz said last night that the Manhattan condo market has bottomed out. More via The Real Deal (which hosted the star-studded panel): "Lenz said she knows of six sales above $25 million in the last two weeks, and said that she sold 34 units at struggling Upper West Side condo conversion the Apthorp in 31 days, above the bank's release price. To help her clients get mortgages, Lenz said she has approached banks directly to forge new private banking relationships." [Real Deal]

Apthorp Building

390 West End Avenue, New York, NY 10023