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 »