The highs and lows of reselling on Billionaires’ Row

Ten years ago, Billionaires’ Row was born.  The skyscrapers that dot 57th Street marry developer ambitions and the ultra-wealthy’s appetite for secure, if not also flashy and headline-worthy, investments.  But as with all real estate acquisitions, nothing is a sure bet. Years later, some of those sky-high safety deposit boxes appear to be safer than others. An analysis of public records by The Real Deal shows the wide disparity in the returns that original buyers in five key Billionaires’ Row properties received once they resold units. The analysis compares the prices achieved by sponsor sales, or the first buyers from […]This article originally appeared on The Real Deal. Click here to read the full story.