With all the development being reported in the neighborhood, it was probably just a matter of time.
Today the New York Times, Daily News and LoopNet are all reporting our beloved ClockTower has been sold for $98 million dollars.
That’s about $1 million per loft, or as little as $50,000+/- per loft if Charlies has a market cap valuation of $93 million dollars.
Either way, this is the end of an era.
Stand by for exploding rents, management harassment and eventually, Marshal dispossess evictions.
Good times. :-)