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Sales Soar as Manhattan Condos Kick Co-Op Prices

…”They have may have re-financed, and they may have taken out a second mortgage,” said Jonathan Miller, CEO of Miller Samuel, a real estate appraisal and consultancy. “When they bought the home they may have figured out a way to put a small amount down, smaller than what the co-op actually knew about. It is the same problem here that it is everywhere else.”…

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