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Price chops ahead at Toll Brothers’ Park Ave. condos

Don’t expect a fire sale, but price drops may loom for Toll Brothers’ luxury condominium project

From left: 400 Park Avenue South, 1110 Park and Douglas Yearley Don’t expect a fire sale, but price drops may loom for Toll Brothers’ luxury condominium projects at 400 Park Avenue and 1110 Park Avenue. Construction at both projects is complete, but neither is sold out, CEO Douglas Yearley said Tuesday during the company’s fourth-quarter earnings call. (more…)

Source: The Real Deal