3. Price per sq ft 2x 15 CPW
No address in Manhattan will garner the prestige and pricing of 15 Central Park West. In 2004, that land (Mayflower hotel + empty lot) was purchased for $690 a sq foot (total purchase price 400 Million).
Unless he is going to build apartments more than 2x total sq footage, there is no way this guy got a good deal.
|