An 18-room duplex in the richest, fanciest apartment building in the world—owned by the government of France, no less, and used as the ambassador to the UN’s residence—reportedly just sold for $70 million. That’s a whopping $22M over the 740 Park Avenue apartment’s initial ask of $48 million. Apparently, three prospective buyers pushed the price up in a bidding war. France bought the apartment in 1979 for $600,000, but whatever, because that’s like $1,959,272.73 in today’s dollars. So just a 3,400 percent profit for the nation’s coffers, no big deal.
read more…
http://ny.curbed.com/archives/2014/06/17/frances_palatial_740_park_pad_sells_for_70m_way_over_ask.php
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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