NEW YORK CITY — Amongst a handful of onlookers huddled around an auctioneer in the rotunda of the New York State Supreme Courthouse last month, a real estate investor placed the winning bid on an alcove studio for what seemed like the deal of the century.

The price: $28,000.

Yes, that’s right, $28,000 for an apartment in a pristine Upper West Side co-op building across from the Museum of Natural History.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top