Another Sign Manhattan Real Estate Is Feeling the PainBy
Price cuts, gift cards, penthouse parties among sales tactics
Time is the enemy in sputtering market, broker Teplitzky says
Prospective buyers at one Upper East Side condo project are quietly being offered a 5 percent discount. At an almost-completed Midtown building, five-bedroom homes will be divided into smaller units. Brokers whose clients sign deals at a downtown tower before Labor Day are getting $5,000 gift cards.
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