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KAREN'S BLOG: Prices for luxury properties in the New York City area may be rebounding

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New York City exclusive luxury properties

According to a recent article in the Wall Street Journal, an Upper East Side townhouse that was once owned by the Vanderbilt family (16 E. 69th Street) has gone into contract to an anonymous buyer for more than $47 million. That would make it the priciest single-family home sale in New York City since the collapse of Lehman Brothers.