Buyers have negotiated discounts averaging 9.2% on condos in the 33-story glass tower, 172 Madison , in East Midtown , according to initial sales data on 11 closings from Streeteasy.com . The tower has 172 units and sale prices so far are said to have averaged close to $2,200 per square foot. East Midtown suggests there is a growing supply of new condos in Manhattan . In January we noted that Q4 2016 median prices on Manhattan resale properties fell by the most in over January .
Buyers have negotiated discounts averaging 9.2% on condos in the 33-story glass tower, 172 Madison, in East Midtown, according to initial sales data on 11 closings from Streeteasy.com. The tower has 72 units and sale prices so far are said to have averaged around $2,200 per square foot. Mansion Global suggests there is a growing supply of new condos in Manhattan. In January we noted that Q4 2016 median prices on Manhattan resale properties fell by the most in over four years.