High-End New York Luxury Apartment Prices Are Falling

The video discusses the top ten apartment sales, which totaled over half a billion dollars, noting a decline from the peak in 2014. It explores the macroeconomic environment and concerns about property price cycles. A $73.8 million duplex penthouse sale is highlighted, despite being 26% lower than the 2014 high. The video also speculates on the impact of tech giants like Amazon and Google on city real estate, with a focus on rising prices in Queens.

What concerns are raised about property prices as the cycle turns?

What was the highest point for apartment sales mentioned in the text?

How much was the decrease in the price of the highest apartment sale from the 2014 high?

What impact do Amazon and Google have on the city according to the text?

What trend is observed in real estate prices in Queens?