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 124 days ago by pkvi_apostate 124 days 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.