A new wave of ‘affordable’ Manhattan condos could hit the mark with first-time buyers

Drowning Manhattan apartment shoppers are being thrown a life preserver.
Prices for new apartments are hitting records, but some prime units are also in the pipeline for the budget-minded buyer — with $750,000 to $3 million price tags that haven’t been seen since the 2008 financial crisis.
Developers call it “affordable luxury” — though that term is likely to cause as much revulsion as it does relief among would-be purchasers.

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