🏠Foreclosures and flopped flips pile up at One57, sending grim message to big ticket investors
A full-floor, 6,240-square-foot penthouse at Midtown billionaires’ bunker One57 recently sold to an unidentified high bidder–one of five contenders–at a foreclosure auction for $36 million.
That number is 29 percent lower than the original $50.9 million price shelled out by Nigerian businessman Kolawole Akanni Aluko for the newly-minted condo in 2014.
The fire sale was the fourth resale in the 1,004-foot-tall Billionaire’s Row flagship trophy tower to trade at a loss, according to data from appraiser Miller Samuel Inc.,
6sqft
https://www.6sqft.com/foreclosures-pile-up-at-one57-sending-grim-message-to-big-ticket-flippers/
https://www.bloomberg.co.jp/news/articles/2017-11-15/OZG3HR6JIJUO01