"The price of Manhattan real estate is kind of like teflon."
- Joya Dass, ABC 7 EyeWitness News
Dass went on to report that a hedge fund manager paid over $800,000 for a storage room in the basement of The Dakota on West 72nd Street and Central Park West: "The room's buyer, hedge fund manager John Angelo, said the price was reasonable, considering what he's getting: 800 square feet with 20-foot-high ceilings and two windows, bigger than many apartments in cramped Manhattan, where a studio can be as small as 300 square feet and the median price for an apartment is more than $850,000."
P.S. David B. Caruso (Associated Press Writer), Manhattan studios can be smaller than 300 square feet.
Not a quote of the day, week or month. Just of whenever. Until the next quote that moves me.