04/04/2010 05:12 am ET | Updated May 25, 2011

Manhattan Home Auction Sells Homes At 85 Percent Discount

Approximately 10 Manhattan townhomes and apartments were sold at discounts ranging up to 85% of the original asking prices, according to Malcolm Carter, a broker at Charles Rutenberg Realty, who attended the auction held at Bid on the City's headquarters office on Fifth Avenue.

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