Luxury Upper East Side Condos Lure New Yorkers Avoiding Co-Ops
- One new building sells 30% of its units before they’re listed
- Demand is high in a neighborhood where older co-ops dominate
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Manhattan’s wealthy homebuyers are shunning co-ops -- and that’s giving a boost to condo developers on the Upper East Side.
One new tower on East 83rd Street has found takers for about a third of its units even before they were publicly listed. The developer of another property, off Park Avenue, has already signed $100 million worth of contracts, nearly a year ahead of a planned marketing effort.