BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Manhattan Real Estate Datapoint Of The Day

Market Movers

by Felix Salmon
Main
Chart of the Day: US Box Office Receipts   Is JP Morgan Conflicted in the Visa IPO?

Recent Blog Posts

Links

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.)

. □

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More