Where the Action Is in Manhattan Housing

Jonathan Miller, president and CEO of Miller Samuel, showed up to a panel at the 92nd Street Y wearing a $39 suit. Except it had been marked down from $800, and it did double duty Thursday night as an explanatory device for the state of the Manhattan residential real estate market.

The message? It’s all about value: Things are terrible, but also kind of great, with a universe of possibilities out there for someone...

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