Are prices above 2006 levels?

http://therealdeal.com/newyork/articles/bank-of-america-posts-1b-third-quarter-loss-sells-luxe-time-warner-center-corporate-apartment-and-ken-lewis-foregoes-paycheck The unit originally sold for 4.3 million back in 04. Does the sale price make sense? BAC hasn't exactly been on the up and up lately... Today, the New York Observer revealed that the bank has also sold its luxe corporate apartment at... [more]

http://therealdeal.com/newyork/articles/bank-of-america-posts-1b-third-quarter-loss-sells-luxe-time-warner-center-corporate-apartment-and-ken-lewis-foregoes-paycheck The unit originally sold for 4.3 million back in 04. Does the sale price make sense? BAC hasn't exactly been on the up and up lately... Today, the New York Observer revealed that the bank has also sold its luxe corporate apartment at the Time Warner Center for $7.2 million. The company bought the 57th floor condo for $6.35 million in 2006, and it was there that the infamous Bank of America-Merrill Lynch merger was reportedly first discussed. City records show the buyer as Tata Real Property, though it was not clear whether the apartment had ever been listed on the market. [NYO] and [NYT] [less]