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Published On: Tue, Jan 19th, 2016

Manhattan Luxury Real Estate Peaked Last February – Prices Now Down 8 Months in a Row

nyc_featureTND Article Spotlight:  Michael Krieger, Liberty Blitzkrieg:

William Ackman is a wildly successful hedge fund manager. He oversees $17 billion of mostly other people’s money. Forbes estimates his personal net worth at $1.7 billion. These facts alone would make him a prime candidate to buy the penthouse condominium at One57, the new luxury tower on West 57th Street.

And indeed, Mr. Ackman told The Times in a fascinating profile Sunday that he is the buyer of the 13,500-square-foot condo with an estimated price of $90 million. What is more shocking is what he plans to do with it…

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