Barbara Corcoran

Second one-day sale

28 Jun, 1991

Corcoran Group sells another 13 apartments owned by the MacArthur Group in four buildings in a one-day, fixed-price sale. The units on the Upper East Side and in West End Ave. sell out in a little more than an hour, for a total of $1.1 million. Buyers pay an average of 50% below the asking price, and receive a cash payment equal to two years of maintenance. All apartments of the same size are listed for the same price regardless of location in the building. A buyer:

I am thrilled. I saw the apartment. I liked it right away, so I bought it. There was no haggling over the price or waiting for the seller to accept my bid. It was easy; like buying a pair of shoes.

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