Brooklyn’s Dumbo makes it in the top 5 most expensive NYC neighborhoods
We’re all pretty much familiar with Forbes’ annual list of the most expensive zip codes in the U.S. which last year ranked West Village’s 10014 as New York City’s most expensive zip code. But how do the rankings change if we analyze entire neighborhoods and move away from the strict zip code boundaries? Not so…
CIM Group Pays $469 Million for Stake in 11 Madison Avenue
A title document recorded last Thursday shows CIM Group paying $469,400,000 for 49% of 11 Madison Avenue. The massive 1,600,000 square f00t property was bought by the Sapir Organization in 2003 for $675,000,000, our records show. The deal was first reported by the Wall Street Journal on December 16th. However, the transfer price was undisclosed…
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