I-Banker Walks Away from Discounted Park Avenue Deal: ‘There's a Lot of Fear'

John Burger is a proper broker. He lives on the Upper East Side and summers in Water Mill; he helped break the New York co-op record when his client Rupert Murdoch paid $44 million at 834 Fifth, and again this year when his 1060 Fifth listing sold for $46 million.

But even brokers like Mr. Burger are running into a bit of trouble these days. This July, a New York surgeon and his wife signed a $2.6 million contract on one of Mr. Burger’s listings, a three-bedroom prewar co-op at 1111 Park Avenue.

In August, back before Wall Street’s free fall, the couple was turned down by the board.  read more »

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