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 . Yitzchak Tessler, president of the builder, Tessler Developments, said he expected the opening of the high-service building -- which boasts a doorman, concierge, pool, steam room, resident lounge and pet spa—to spur sales. 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 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 .