Sunday, January 18, 2015

Fed Money Printing at Work: First Ever $100 Million Condo Sold in NYC

A palatial apartment on 57th St. has broken the record for the most expensive apartment ever sold in Manhattan, reports the NY Daily News.

A mystery buyer dropped  $100.47 million on the penthouse apartment, which occupies the entire 89th and 90th floors of One57, the high-end apartment tower overlooking Central Park at 157 W. 57th St., according to city records.

The property is the first single-family home to sell for more than $100 million in the city’s history.

The 11,000-square-foot pad has six bedrooms, seven bathrooms and two powder rooms.

If you don't think Fed money printing has anything to do with these record prices, consider that in the same building, hedge fund operator Bill Ackmanreportedly inked a deal to buy a $90 million apartment, which he "plans to flip for sport with a few close friends, " according to NYDN.


  1. [aka Stargazer] 1,000 sq. ft? Hmmm! Tiny rooms? I don't think so. 10,000 sq. ft., maybe.

  2. Not going to lie, that is a pretty nice looking spread. I can't blame the funny money collectors from being into that sort of home.

  3. "The 1,000-square-foot pad has six bedrooms, seven bathrooms and two powder rooms."

    Man, those must be really tiny rooms.

  4. How do you figure the use of "Fed Printing" made that possible? Wall Street creates trillions in private credit on a regular basis, how do you know the $100 million didn't come from that?

    1. Because it inflated the price of what it would normally be worth and provided easy money to those closest to the spigot.

      Pay attention, troll.

  5. The ".47" in the $100.47 million purchase price is double the median family home. Amazing.