Is One57 Sales Slowdown a Bad Sign for NYC Ultra Luxury?

The video discusses the slowdown in the luxury apartment market, emphasizing that it's a natural market adjustment rather than a crisis. It debates the iconic status of certain New York buildings, noting that true iconic status is earned over time. The discussion also covers the demographics of luxury condo buyers, highlighting that both American and foreign buyers are active in the market. The video concludes by noting that American buyers are still a significant presence, despite media focus on international buyers.

What are some characteristics of the luxury apartments mentioned in the text?

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What does the speaker suggest about the future of the luxury apartment market?

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