Sales at Michael Shvo’s Mandarin Oriental Residences on Fifth Avenue are being reset once again with a new brokerage team stepping in and prices being recalibrated after years of sluggish momentum. Serhant has taken over marketing at the 65-unit luxury condominium project, assigning Peter Zaitzeff and Glenn Davis to lead the effort. The move marks the latest attempt to unlock sales at the building, which launched in 2021 but has moved only about a third of its inventory in the four-plus years since. Alongside the brokerage switch comes a notable pricing overhaul. Listings reflect double-digit reductions from original asking prices […]

This article originally appeared on The Real Deal. Click here to read the full story.