Jeff Sutton of Wharton, New York buys Beach Front Mansion in Jersey
The real estate markets have been striving to regain its highs but have been falling short repeatedly. However, the activity on the markets has increased in terms of number of transactions of significant value. The Real Deal recently reported about a major real estate purchase in Deal, NJ. Jeff Sutton who is a major force in the New York City real estate market has moved into New Jersey with this deal. The real estate mogul from New York City has purchased an outsized luxury home for $22.6 million. The major deal in Deal has attracted the attention of those watching the real estate markets. The luxury home in question was originally listed for an asking price of $35 million. However the markets haven’t recovered enough to sustain that level of prices. Sutton could finally strike a deal at a much lower price of $22.6 million which in any case is still one of the highest prices ever recorded in Manmouth County real estate history. Sutton has big plans for the mansion and w...