Manhattan homebuyers are back for bargain deals

In demand: Residential buildings with a sidewalk in Manhattan, New York. Purchases are picking up in this NewYork region after a long time.

MANHATTAN homebuyers are coming back to the market they left a year ago. Just don’t expect them to overpay.

Apartment purchases climbed 2.1% in the first quarter from the same three months in 2020, according to a report by appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate.