Friday, April 25, 2008

Quote of Whenever - Manhattan Real Estate and Teflon

"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."
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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.

1 comment:

Under-Employed Girl said...

Wow, want to talk about weird Joya is actually a good friend of mine!
She'll be suprised to know people are quoting her on their blog!

PS. I'm only taking cabs because I'm saving so much money by rarely going out anymore!