Luxury condo sales on Manhattan’s Upper East Side certainly tend to lean on the side of the grandiose. The latest addition to this trend is a co-op turned partial mansion at 828 Fifth Avenue.  Of the 9 total apartments that exist within the property, 4 are now on sale for the grand total of 72 million dollars. As a whole, the property would include 2 floors of the co-op, a maisonette duplex, and a penthouse complete with terrace and rooftop. The mansion is billed as potentially one of the greatest pieces of real estate that exists in Manhattan, a title that would live up to the price that this Upper East Side mansion carries.

If you're reading the New Construction Manhattan blog, there's a decent chance you're looking for a condo or apartment in Manhattan. Which means that there's a decent chance that you've probably noticed at least two things while searching for a condo or apartment for sale in New York City. The first is that everyone out there is quick to tell you that the market for NYC condos and apartments is currently tilted in the buyer's favor; the second is that the asking prices for those Manhattan condominiums and apartments don't really seem to have come down all that much. The operative word there is "seem" -- as we discussed in an earlier post to the New Construction Manhattan blog, the asking prices for NYC condos at the moment are notably different than the amounts that people are actually paying for NYC condos. In a post at Curbed, Sara Polsky uses Upper East Side luxury condominium 300 East 79 (no points for guessing that 300 East 79 is indeed located at 300 East 79th Street) as a lesson in the difference between the asking price for a Manhattan apartment and the actual price of said Manhattan apartment.