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Fox Business Asks Jonathan Miller, Are There Too Many Luxury Apartments in Manhattan?

11/4/14  |  Tony Sargent

Last month, Fox Business’ Deirdre Bolton interviewed Manhattan’s #1 go-to person for clear and unfiltered real estate data, Jonathan Miller, President and CEO of Miller Samuel, Inc. a top...

 
Last month, Fox Business’ Deirdre Bolton interviewed Manhattan’s #1 go-to person for clear and unfiltered real estate data, Jonathan Miller, President and CEO of Miller Samuel, Inc. a top appraisal and consulting firm. The questions on everyone’s lips today: Are developers building too many luxury homes and super-luxury condominiums in New York? Is there enough demand to meet the supply, and why have we not seen any significant new construction that serves the $3,000,000 or under market in Manhattan for years?
 
Jonathan does a fantastic job of answering these questions in this video. For a high net worth client considering a new development I recently completed a study of same unit re-sales in some of Manhattan’s top buildings built since 2006. Which buildings saw huge equity growth and which saw little, surprised me. I will share more on that in a future post.
 
 
 
 

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