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Real Estate up 45% in 10 months

Started by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
Yankees slugger Alex Rodriguez has sold his Rushmore condominium for a significant profit just 10 months after buying it last March, the Wall Street Journal reported. Rodriguez put the unit on the market in October with Modlin Group President Adam Modlin for $8 million, seven months after he purchased it for $5.5 million. http://therealdeal.com/blog/2012/01/24/a-rod-catches-substantial-profit-from-rushmore-flip/
Response by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009

Well maybe only if your name was a-rod.

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Response by marco_m
over 14 years ago
Posts: 2481
Member since: Dec 2008

must have been a yankee fan

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Response by somewhereelse
over 14 years ago
Posts: 7435
Member since: Oct 2009

Picking one apartment and saying "real estate" is lousy analysis enough.
Forgetting the fact that folks pay extra for celebrity apartments is double lousy...

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Response by marco_m
over 14 years ago
Posts: 2481
Member since: Dec 2008

ummmm...joke

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Response by somewhereelse
over 14 years ago
Posts: 7435
Member since: Oct 2009

I'd say I hope so... but if it was, is it actually funny?

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Response by Eric_14
over 14 years ago
Posts: 93
Member since: Sep 2011

It's all about the timing. If A-Rod tried to sell in October he wouldn't have gotten half of that.

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Response by Brooks2
over 14 years ago
Posts: 2970
Member since: Aug 2011

"the third-baseman’s high-profile purchase in the building last year increased interest in the building, positively impacting both the sales pace and the sales prices, brokers said. It is unclear why Rodriguez sought to flip the apartment so quickly"

So this is why RE got strong last Spring.. Hummmm

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Response by switel
over 14 years ago
Posts: 303
Member since: Jan 2007

"Real Estate up 45% in 10 months " based on one observation?? funny

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Response by matsonjones
over 14 years ago
Posts: 1183
Member since: Feb 2007

As dumb as showing one apartment selling for $500/sf somewhere in Manhattan, and extrapolating that all Manhattan real estate is going to $500/sf....

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Response by w67thstreet
over 14 years ago
Posts: 9003
Member since: Dec 2008

If by one you mean 735 listings in manhattan with ppsf of $500 to $600 currently and growing by the day.

Yes call me an 'extrapolator!'. That Lawrence Yun you borkers kowtow to.... It's more akin to following Hitler down a blind alley. But you keep goose stepping matsonjones. One two. One two.

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Response by memito
over 14 years ago
Posts: 294
Member since: Nov 2007

Ja wohl, mein w67thstreet!

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Response by truthskr10
over 14 years ago
Posts: 4088
Member since: Jul 2009

Real estate for sale in Manhattan
We found 816 listings for no more than $600 per ft²
Median price: $410,000 Median size: 920 ft² Median price per ft²: $473

That is up 10% from 735 2 hours ago. :)

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Response by w67thstreet
over 14 years ago
Posts: 9003
Member since: Dec 2008

Danka truthy. Hilarious that my prediction has come true and now it's 'there's only one! argument'

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