New York Sees a Surge in Off-Market Luxury Deals

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New York Sees a Surge in Off-Market Luxury Deals
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New York is seeing a surge in off-market deals, with luxury homes getting scooped up before the listings are even public

Feb. 24, 2022 11:59 am ET

When billionaire Jacqui Safra hired Nikki Field to sell his New York City penthouse last year, he made a series of demands. Mr. Safra, a descendant of the Lebanese-Brazilian banking family, told the real-estate agent she had three months to quietly drum up interest in the Upper East Side triplex without listing it on the public market, Ms. Field recalled.

There were no professional photos of the Fifth Avenue co-op—just one snapshot of Central Park taken from the terrace—and Ms. Field, of Sotheby’s International Realty, was given access to the apartment for a single day of showings.

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