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The buildingrisesat the former site of a few historically significant structures, including the Metropolitan Synagogue and the Community Church ofNewYork, one of thecity’s oldest congregations dating to 1825, according to CityRealty.

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Overall, theNewYorkluxurymarket is in the middle of a price correction. Homes seeking $4 million or more took an average of 447 days to go into contract in 2018, according to Olshan Realty. Near the peak of the market, in 2013, similar homes spent only 172 days on the market.
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