Despite the recent stock market turbulence, highlighted by a significant drop in the Dow Jones Industrial Average, interest in a newly listed $110 million penthouse in Manhattan has been encouraging. Listing agent Nikki Field of Sotheby's noted that several qualified individuals have already expressed interest in the property. Field believes that the segment of buyers targeted remains unaffected by such market volatility, focused instead on acquiring high-end residential real estate as part of their investment strategy. The property, located at Steinway Tower, encompasses over 11,000 square feet with luxury amenities and potential architectural opportunities.
As the Dow Jones Industrial Average plunged and tariff headlines rippled through global markets, a different number was turning heads in Manhattan: A newly listed $110 million penthouse, now the most expensive home for sale in New York City.
The market swings haven't rattled her target buyers. 'This buyer segment remains untouched by market volatility,' Field said. 'They're not reacting to headlines or fluctuations.'
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