Central Park Flip

New Yorkers woke up to some dire real estate news today (scroll a couple posts down for a recap). But that isn’t stopping one condo-owner from trying to pull off a $15 million flip!

In August 2004, Upper Deck chief Richard P. McWilliam reportedly paid $20.8 million for this 9,455-square-foot apartment. (At the time, it was lingering on the market with a $28 million price tag). Mr. McWilliam’s spread takes up the entire 23rd floor of the Ritz-Carlton Hotel.

Despite market reports and bleak headlines, the lavish apartment has just landed on the market for $35 million, listed with Heide Mamouris of Prudential Douglas Elliman.

Your move, housing bubble.

-Michael Calderone

Central Park Flip