The Chrysler building in NYC was sold for only 150 million dollars, that seems like such a minuscule amount of money for a skyscraper in NYC,
There are probably millions of average multi-millionaires that could of bought that building, like any random tech or businessperson millionaire that you never even heard of
It just seems kind of weird that an iconic huge building in NYC could be bought by single person with not much money relatively speaking
If that is worth so little than how much is the average apartment building that you see everywhere in new York cost to buy?
There are some single apartments on billionaires row that cost a third or a quarter of that price, just for a single apartment,
Yeah, it is true they raised the land rent under the building, but still, seems cheap to buy
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[–] version7 ago (edited ago)
Many skyscrapers sell for far below market value. Some of that may have to do with the tax situation there etc.