Back in 2007 and 2008, buying at 823 Park Avenue seemed like the gold-standard of real estate investments. The newly-converted luxury condo on Park Avenue was a rare commodity in one of the city’s most rarefied neighborhoods. How could an investment in one of its sprawling floor-throughs go wrong?
But in the years since, resales at the building have failed to fetch more than the first wave of owners paid. Read More