Real estate market booming for secondary houses
Many people are looking to buy second homes after being cooped up during the pandemic, causing housing prices to rise. FOX Business’ Ashley Webster with more.
Former U.S. Treasury Secretary Steven Mnuchin‘s apartment at the tony 740 Park Ave. has finally found a buyer, thanks to a hefty COVID discount.
The swanky home first hit the market for $32.5 million in 2018 but was down to $25.75 million last August.
Though its best perk may be its location inside "the world’s richest building," according to author Michael Gross, the 12-room duplex notably features five bedrooms and its own elevator landing.