$77.5M Ritz-Carlton Offering Heats Up NY Condo Market

Law360, New York (March 9, 2012, 6:18 PM EST) -- In yet another sign of Manhattan's strengthening condominium building market, a 10,888-square-foot duplex at the Ritz-Carlton Hotel was put up for sale on Friday with a hefty $77.5 million price tag.

The listing was placed by owner Christopher Jeffries, co-founder of Millennium Partners LLC, the real estate development company that recently renovated the luxury hotel. It is the most recent in a string of high-priced Manhattan condo listings and deals that are inching towards the $100 million range, and it highlights a larger upswing trend in...
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