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 130 days ago by pkvi_apostate 130 days ago by pkvi_apostate +8 / -4 9 comments share 9 comments share save hide report block hide replies
They are probably renting the outer shell or the land to them. You own the "condo" but not the building. Essentially top dollar trailer parks