CORE agent Steve Snider says that changes in lifestyle are definitely a factor, but two other very common scenarios are a client choosing to upgrade, or lack of use. (It may smart a bit, but Snider says that many of these covetable apartments serve as pieds-à-terre for their owners, who aren’t even there that often.)
That was the case with 72 Mercer Street, a 25-foot-wide Soho co-op with a private elevator access and a large exclusive outdoor space, above. The owner, who lives in the Midwest, stayed in the luxury condo when she came in for fundraising events and auctions, and let friends and family stay there as well. After one visit required her to book a room in the Baccarat Hotel, she discovered she actually preferred that option.
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