Last week, we featured properties in New York City that were sold for only one dollar. This week, we’re looking at the flip side: some of the most expensive real estate deals that have taken place in New York City. This goes beyond the $100+ million dollar apartment listings you’re familiar with – these deals give you a sense of not only the size of transactions here in the city but the scale of the urban development that emerge from them.
All of these deals were over $1 billion, and included both single buildings and large complexes. We’ve come a long way from the “Million Dollar Corner,” on 34th Street and Broadway, which in 1911 was the most ever paid for a plot of land. In 2015 dollars, that sale for the 1,200 square foot corner would have been equivalent to $25.7 million.
The post 12 of the Most Expensive Real Estate Deals In NYC: The $1 Billion+ Club first appeared on Untapped Cities.