4 Lets crunch numbers --> 100 "luxury homes" in 2 ugly towers, say cheapest is 500K and most 15M ..avg 5M x 100 = 500M. Overhead is 3M+/yr ..You come up 500M+ short. There are many such examples of this corrupt math in NYC. Many rentals being built, on paper won't pay off for 20 yrs. Economy is fake. (media.scored.co) posted 1 year ago by pkvi_apostate 1 year ago by pkvi_apostate +8 / -4 9 comments share 9 comments share save hide report block hide replies
By your calculations that’s 497 million per year you make it back in 2 years
It is not a rental. It is ownership. Those are purchase prices.
And that is if you sell 100% which most properties in NYC have 40% capacity.