As the 57th Street towers rise, what of property values for the mere millionaires?
Real Estate

Rising Tide: 57th Street Residents May Lose a View, But At Least Resale Values Soar

While the 57th Street corridor’s transformation from less-than-prime residential strip to Billionaire’s Row has been a source of great frustration for existing residents—bringing construction noise, obstructed views and even a few mandatory evacuations—it has also stoked giddy fantasies of financial windfalls. Surely, owning an apartment among, if not in, the super-luxury skyscrapers must confer some financial advantage?

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