The number of Manhattan co-ops and condominiums sold in the first quarter fell 5.2% from a year earlier, according to WSJ analysis
ByWhile the New York real-estate industry fretted about the potential impact of new state taxes on expensive real estate, the Manhattan residential market deteriorated further in the first quarter of 2019, as sales slumped to the slowest pace in six years.
The number of co-ops and condominiums sold in the first quarter fell 5.2% from the same quarter in 2018, when sales also declined, according to an analysis of property transactions by The Wall Street Journal.
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