Manhattan Apartment Sales Gain as Economy Fuels ‘Bipolar’ Market

Manhattan apartment sales jumped in the third quarter, buoyed by deals at the high and low ends of the market, as foreign investors drove demand for condos and entry-level buyers took advantage of record-low mortgage rates.

Purchases of condos and co-ops rose 17 percent from a year earlier to 3,106, New York appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said in a report today. That was the highest volume since the third quarter of