“Staycation” Homes

Stricter Approval Process with Condos

At new condominium development, 220 Central Park South, interested buyers must first fill out a questionnaire providing information about their background and assets. If they pass the vetting process, they may visit the sales center. According to The Real Deal, several prospective buyers were rejected by the developer without explanation.

Three years ago this penthouse apartment at One Beacon Court was listed for $115 million. The price has been subsequently reduced several times; it’s currently listed for $67.5 million.

Demi Moore’s triplex penthouse at the San Remo was originally listed for $75 million when it was placed on the market in April 2015. The price was reduced by $16 million to $59 million in June 2016.

Originally listed for $60 million in August 2015, the penthouse at the Baccarat eventually sold for $42.55 million in June 2016.

The Gucci sister’s penthouse was originally listed for $45 million in June 2015. The price was reduced to $35 million a year later.

Tommy Hilfiger listed his apartment at the Plaza in 2013 for $80 million. The current asking price is $58.9 million.

A condominium townhouse listed at 66 East 11^th Street was placed on the market in April 2016 for $17.5 million. The price was reduced to $12.7 million in October 2016, a 27% price reduction. According to The Real Deal, Leonardo DiCaprio owns a place in the building.