NYC market seesaws toward wealthy buyers

From The Real Deal

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NEW YORK — Fans of the musical "Annie" will recall the scene where the bedraggled redhead first enters Daddy Warbucks’ spectacular mansion, presenting a vivid contrast to the down-on-its-luck Manhattan of the 1930s from which Annie has just emerged.

It may not be too much of an exaggeration to say that the scene is a bit like the Manhattan of today. That is, if Daddy Warbucks were a pop star or Russian oil tycoon.