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Consider this:  last month, a single family building on the Upper West Side was sold at a new record high for the area in its category – $20 million.
Sure, a lone transaction doesn’t mean much but given its peculiarity, it is nevertheless a symptom of the sophisticated buyer’s change in attitude towards the current market.
On the other hand: Potential sellers are starting to realize that the situation is not as dark as few years ago or even few …