Manhattan residential deals are falling apart faster than a Hollywood marriage.
The latest market survey shows a jump of nearly 40 percent from August to September in the number of signed contracts that disintegrated after the deposits were handed over.
“There are plenty of buyers willing to walk away from their $80,000 to $800,000 deposits,” said one broker. “One of my customers, a European banker, recently gave up a $500,000 deposit on a $5 million pied-à-terre that he was going to use when he was in town for business,” said the broker. “But he no longer needs it because the US operation came to an abrupt halt.”
In July, 68 people forfeited their deposits.
The figure went to 93 the following month and 130 in September, according to StreetEasy.