666 5th Avenue in Manhattan recently sold for $1.8 Billion, and I Am wondering what you get for a Billion these days. Charles Kushner is the new owner and apparently, an ex convict. Actually I believe he violated some political fundraising rules, and so I don't really think that we can call him a convict. Can one actually be considered a convict because of political financial 'oversight'??
-But to be fair, his son Jared actually inked the deal
Anyhow - he has a snazzy building in NYC and he only paid about $1,20o.00SF Neat
I am guessing that he is in great need of a future write off.
I am a big fan of the cute idea that God isn't 'making anymore land' but this deal is pretty kooky,
and bloody overpriced. Even if we are to agree with Donald Trump and to enthusiastically believe that NYC real estate is going to hold steady- $1,200./sf is still quite nuts.
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