Given that 15 Central Park West has made headlines for its record-setting sales (and, lately, some unrealistic asks), it’s good to see that the little guys can still make a buck at the limestone money printing press.
Little guys like Richard Wallgren, executive vice president of sales and marketing at Macklowe Properties. Mr. Wallgren, a former investment banker, knew when to buy: at the trough of the real estate cycle. He picked up his eighth-floor one-bedroom, 1,079-square-foot sponsor unit in April 2008 for a bit over $1.8 million, or just $1,685 a foot—a sizable discount off of the more than $2.5 million ask.
Just when we thought Superior Ink was taking a Seabiscuit stride ahead of it’s tonier Upper West Side step-sibling (the lush developments both bear Robert A.M. Stern’s signature and have experienced similarly resounding sales success), 15 Central Park West is making a comeback of sorts.
According to knowledgable sources, the merged unit 35AB—combined by current Read More
These are anxious days for very expensive, wildly high, overly plush New York apartments. On the one hand, it’s so common for fancy sellers to be losing money on their real estate deals that no one’s really shocked when a Jean Nouvel condo sells for hundreds of thousands of dollars less than it was Read More