Doug Harmon, one of the agents who brokered the sale, also sold the building (located 450 West 15th Street — also known as the Milk Building ), in 1996, for $6 million to Moishe Mana, an Israeli immigrant who grew wealthy after founding a local moving company, Moishe’s Moving, and his partner, Erez Shternlicht.
According to FT, in 2004 Harmon helped them sell the building to investment firm Angelo Gordon for $55m, and then flipped it four years later to Stellar Management for $161m, who then shifted it — with his assistance — to Jamestown, a developer, in 2013 for $284m.
Part of the increase in price can, of course, be attributed to the increasing importance of the movers and shakers to be located in Manhattan but Federal Reserve Board money pumping has played more than a small road.
-RW
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