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midtownguy70 t1_jdduu5e wrote

Reply to comment by _ACompulsiveLiar_ in Historic Flatiron Building sells for $190 million at auction by Orener

Sure but single units HAVE sold for north of 190 million so the interesting comparison remains...interesting. in 2019 a penthouse over there sold for 238 million. Ka-ching.

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_ACompulsiveLiar_ t1_jddvkij wrote

Yeah I know but that thing is literally just not worth 250m. Like 220cps sold the top 4 floors for less than that for more square footage, not to mention 220cps is way most costly per sqft

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Patruck9 t1_jdefy9j wrote

These billionaires aren't buying for square footage, they're buying for bragging rights.

It's also why 432 Park was all the rage at first until it was revealed how badly built everything is.

Edit: All that said, put me in an apartment about 100 feet over the city and I'm content. I can do observation decks, but living at that height? I don't think Michael Jacksons doctor could calm me.

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Laxziy t1_jdfd9cj wrote

The view is definitely awesome but honestly if I had effectively infinite money give me a townhouse to myself any day of the week.

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_ACompulsiveLiar_ t1_jdfhyno wrote

They aren't buying for any of those, it's just an investment. You're overthinking this. Ken griffin doesn't give two shits what other billionaires think about his property, he just believes that 220cps is a good investment, and whether or not he lives there, it has been a good investment. Property is a great place to park money, all things considered.

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TennSeven t1_jdelyx2 wrote

>in 2019 a penthouse over there sold for 238 million

Do you have any credible sources for this? This site states that the most expensive home sale in 2019 was a $98 million, 5 story penthouse.

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