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NYC's Upper East Side Luxury Co-Op Market Swan-Dives Amidst Fading Glory

... in July -- after three years on the market and several price reductions -- the [Ganek's] luxurious apartment sold for a muted $25.3 million. Though nearly a $6 million profit, the home still sold at a 43 percent discount from its original asking price... In July, a co-op at 765 Park sold for $19 million, a $7 million discount from what it was first asking in January.
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