Yesterday, The Observer reported that the gilded penthouse atop 1020 Fifth Avenue had finally sold. Finally for a number of reasons: It had sat on the market for four years, first asking $5o million before selling for nearly half-off—but also because the home had not seen the light of the real estate listings since the Jazz Age. When Samuel Kress originally bought the place, it cost $150,000, at once a staggering and tiny amount. This newspaper could not help wondering: Just how good of a deal was it? Read More
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