It was the sale that shocked the world — and the housing data.
Hedge fund billionaire Ken Griffin’s $238 million purchase of a condo in Manhattan single-handedly boosted the average sales price in the borough by more than $100,000 in the first quarter, according to an analysis.
A report from Douglas Elliman and Miller Samuel showed that the average sales price for an apartment in Manhattan rose nearly 10 percent to $2,118,780 in the first quarter from a year earlier. That number surprised many since the Manhattan real estate market has been on a downward slide for over a year and a half.
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