New York real estate, like all other areas of the economy, has suffered the negative effects of the recession. Yet it sometimes has seemed that niche, high-end properties have been immune to the recession. In the past a name brand location, developer or even interior designer has been able to keep prices afloat. This however no longer holds true in the current market climate. This the past week, several high profile celebrities sold their New York condos for, sometimes drastically, reduced prices. It seems that even with the cache of …
