"During the past three years, Irish investors represented one of the largest groups who purchased Manhattan residential condominiums. The weakness of the euro to the dollar, coupled with the major loss in value in the Irish stock market, may have serious effects on the purchases of residential condominiums in New York City. Next year, closings are expected on apartments in two condominiums which were purchased in bulk by groups of Irish investors. These properties include a 43-story tower on Eighth Avenue in the theater district with a total of 122 units and a tower located on East 34th Street, between Madison and Park avenues." [Real Deal]For more stories from Curbed, go to curbed.com.
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