One Madison Park

Will this building become a glorified rental when many people walk away from their deposits? Was only 10%. The prices being suggested are pure fantasy. Think $1,200-$1,500/ sq. foot for good views! Did anyone read last weeks Barrons on the future of NYC real estate? Looks like a waterfall going straight down! Heard that some people have 4/1 completion dates for building or they can walk away from their deposits. How many units recieved this favorable treatment? Developer had better hurry up and complete project or this will be a total rental! Too bad I can't short these apartments like stocks! Good luck to the buyers...better plan on holding permently!