A year ago, entrepreneur Dan Herbatschek was just another New Yorker hunting for a larger apartment for his family. But since March, he has signed contracts to buy four Manhattan condos despite the economic turmoil spurred by global tariffs. Now Herbatschek is part of another group: affluent buyers investing in ultraluxury real estate amid the uncertainty. 

“The chance of taking a hit in the stock market is a bit too high for the reward, especially when we consider inflation,” said Herbatschek, an applied mathematician and tech-company founder. “Real estate is safer, less volatile.”