Record number of cash offers show New York property is only for the rich
By A Mystery Man Writer
Description
High mortgage rates are creating a void for all but the wealthiest home buyers in the city
![Record number of cash offers show New York property is only for the rich](https://fortune.com/img-assets/wp-content/uploads/2024/01/GettyImages-995520694-e1704310291859.jpg)
NYC real estate legend reports record-high all-cash sales in Manhattan
![Record number of cash offers show New York property is only for the rich](https://media.nestseekers.com/files/10697SommaWay.jpg)
One-time $100M Bel Air mansion falls to Earth with huge price cut
![Record number of cash offers show New York property is only for the rich](https://media.muckrack.com/profile/images/1267509/madison-darbyshire.jpeg.256x256_q100_crop-smart.jpg)
Madison Darbyshire's Profile, Financial Times Journalist
Naula Ndugga ☕️ (@naulapndugga) / X
![Record number of cash offers show New York property is only for the rich](https://lookaside.fbsbx.com/lookaside/crawler/threads/C4o-Cs1ty32/0/image.jpg)
Mark D. Levine (@marklevinenyc) on Threads
![Record number of cash offers show New York property is only for the rich](http://media4.manhattan-institute.org/wp-content/uploads/the-limits-of-taxing-the-rich.jpg)
The Limits of Taxing the Rich
![Record number of cash offers show New York property is only for the rich](https://lookaside.fbsbx.com/lookaside/crawler/threads/C4g6vajsE_j/0/image.jpg)
ThreadsのMark D. Levine (@marklevinenyc)
![Record number of cash offers show New York property is only for the rich](https://www-ft-com.ezproxy.depaul.edu/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fe9b0a94d-ed1f-401f-af4c-afb6fc95d151.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1)
Exclusive Singapore wine club closes as ultra-rich shun flash for discretion
![Record number of cash offers show New York property is only for the rich](https://static.therealdeal.com/wp-content/uploads/2023/04/NYCs-housing-market-awash-in-cash.-Heres-what-to-know._FT-Thumbnail.jpg)
Cash Buyers Claim Record Share of NYC's Housing Market
![Record number of cash offers show New York property is only for the rich](https://ca-times.brightspotcdn.com/dims4/default/f5eadb3/2147483647/strip/false/crop/4500x2998+0+0/resize/1486x990!/quality/75/?url=https%3A%2F%2Fcalifornia-times-brightspot.s3.amazonaws.com%2F33%2Ff1%2F27d9591d49ce99e3d569a0b486e0%2Fla-photos-1staff-837091-la-fi-the-one-niami-hankey-30-ajs.jpg)
Bel Air mansion The One has a buyer. And the sale price is? - Los Angeles Times
![Record number of cash offers show New York property is only for the rich](https://media.nestseekers.com/files/daily-news_cqqEVg6.jpg)
Queens' most expensive apartment is off the market after buyer submits cash offer for $5.4M penthouse
Columbus International
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Record number of cash offers show New York property is only for the rich
Shopping for a bargain on NYC's Billionaires' Row
from
per adult (price varies by group size)