Posted by Leonard Steinberg on March 7, 2011 While not every listing is producing multiple bids, the volume of multiple bids on good properties is back in a BIG way in New York City real estate, both in the residential and commercial sectors. (It has also returned to the art world and many other markets)… [Read More]
BIGGEST NEW YORK BIDDING WAR OF 2010
The MANHATTAN BIDDING WAR has returned: Carlos Slim, reportedly the wealthiest man in the world, just won a bidding war on the Duke Semans Mansion at 1009 Fifth Avenue in New York City. His winning bid of $44 million outbid a Russian bidder whose bid was around $37 million. This is the largest multiple bid sale of 2010, and an… [Read More]