Saturday, March 24, 2007

No Wonder I Can't Afford a House!

The listing.

For a mere $32.5 million dollars you can own a rooftop. But look on the bright side, construction costs for the penthouse of your dream are included in the price. But not parking. That will be an additional $175,000. Of course, it's not so bad when you look at it from a monthly mortgage payment perspective. Assuming 20 percent down and 6 percent interest, the monthly shell-out would be just shy of $165,000. (Maintenance fee included!)
The article in the Washington Post equates the purchase to buying a lot of land in the suburbs, this lot happens to be on top of a building in lower Manhattan. You would be in good company, with a number of celebrity tenants in the neighborhood. And you are getting a good deal, too. Two recent apartments were built recently for 42 and 53 million dollars.
The listing states this is a limited-time offer. Want to chip in and we'll all buy it?

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