You just gotta love the obnoxious real estate prices in Manhattan. Vornado Realty Trust’s 220 Central Park South has already secured $1.1 billion, or one-third of the building, making it already profitable reports the WSJ. “We are doing beyond well,” said Vornado CEO Steve Roth. Yawn.
Then you have the penthouse at the building called One57 (how clever) which sold for $100 million in January. The view must be really pretty, or not. Read this comment from a WSJ reader:
Actually, looking at the building (One 57) from Central Park on Saturday it appeared that the top ten or so floors were buried in a cloud bank. I thus highly recommend that any prospective buyers save themselves several million bucks and enjoy a more consistent view by not going higher than approximately the 70th floor.
Latest posts by E.J. Smith (see all)
- Stock Markets Scaring Gun-shy Retirees - November 20, 2018
- Fidelity Investments: Why it’s #1 - November 19, 2018
- Your Questions, My Answers: Custodial Accounts and Gifts to Minors - November 16, 2018