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Manhattan Real Estate Datapoint Of The Day

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by Felix Salmon
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Feb 24 2008 12:00am EDT

Manhattan Real Estate Datapoint of the Day

Josh Barbanel reports on a sale at Trump World Tower to Chinh Chu of the Blackstone Group:

According to several people briefed on the deal, Mr. Chu paid an extra $5 million to buy a 1,200-square-foot outdoor space on a part of the roof above his apartment.

I do understand that outdoor space is nice. But $5 million - $4,167 per square foot - for a middling-size chunk of roof? That's almost double the $2,144 per square foot that he's paying for his duplex penthouse. (To put all this in perspective, you can paper an area with $100 bills for less than $900 per square foot.)

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