Manhattan $10 Million Housing Market Has No Bargains

It took Stephane Melloul three days to learn he’d need about $50 million for the New York home of his dreams: four bedrooms, a terrace and Central Park views.

Melloul, president of London-based credit rating company Notalia, started this week expecting to spend as little as $20 million. He raised his target after seeing just five Manhattan properties that met his criteria.