Here’s some great news coming out of the New York City real estate market—apparently while many are still scratching their heads after a grisly year, some fortunate souls have laughed in the face of 2009 and actually sold their luxury properties for more than their asking prices.
The final sale price works out to be $5,478 per square foot, and although this price doesn’t quite match his original asking price from September 2008 which was $32 million, it’ll do.
The four-bedroom unit that sold on December 15 after going in to contract in November is 4,563 square feet and the unit buyer remains unidentified. Singh purchased the condo for $15.87 million in March 2008.
Singh is a managing director at Credit Suisse Group.