Wednesday 25 July 2018

A flipping loss: Owner loses money on yet another unit at 432 Park

Why the face? Maybe because this buyer’s flipped two units at 432 Park Avenue at a loss. An LLC by the name of “WHY THE FACE” just sold a unit on the tower’s 65th floor for $24.2 million, records filed with the city’s Department of Finance show. That’s down from the $25.6 million the buyer paid in March 2016, and $8.3 million less than what the apartment was initially listed for in April 2017. The […]



source https://therealdeal.com/2018/07/25/a-flipping-loss-owner-loses-money-on-yet-another-unit-at-432-park/

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