Wednesday, April 1, 2015

I suppose it was inevitable



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. :-)

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