150 Million Dollar Condo Deal at New York Cities “The Mark”
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New York real estate developer, no not Donald Trump, Leonard Blavanik has reportedly gone to contract on a triplex condo in the Upper East Side condo “The Mark” in New York City. The deal would be the highest price real estate transaction in the country for the year.
The triplex is reported to be 30,000 square feet with 23 bedrooms and 25 bathrooms. If this is not all, the condo has a four thousand square feet of patio space. Encompassing 3 stories this must be one majestic property.
The prospective purchaser, sources say, is real-estate magnate Leonard Blavatnik, who is worth $7.2 billion, according to Forbes magazine.
The price would be twice as large as the previous record listing in New York City, and nearly $50 million more than last year’s sale of the De Menil estate in East Hampton, believed to be the priciest residential transaction in the country.
“It’s hard to imagine there’s a real-estate slump when a number like that is being bandied about,” said one wide-eyed real-estate agent. “What could possibly be next.”
The famed hotel at 25 E. 77th St., between Madison and Fifth avenues, is undergoing a gut renovation that, in addition to hotel rooms, will include residential suites and apartments. via the New York Post
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
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