According to CityRealty, the number of condominiums in the borough with apartments selling for more than $15 million has risen to 49. In 2009, that number was 33.
Although many see this as good for the city, the growth comes while working and middle class housing is in short supply.
In an interview with The New York Times, architect Rafael Viñoly said that he sees the divivde in the city.
“There are only two markets, ultraluxury and subsidized housing," he said.
Only time will tell, but hopefully all will benefit from these developments.
