You wanna hear something fascinating? Of course you do, why else do you read this blog?!
The Peter Cooper Village housing complex here in New York City was just sold to a private management company for $5.4 BILLION dollars (no, this is not Austin Powers). It's claimed to be the largest real estate sale in U.S. history.
Let's just put that into perspective. On this day in 1867, a mere 139 years ago, the U.S. took formal possession of Alaska from Russia. It had cost $7.2 million.
So, not taking into effect inflation (which, somehow, I still think might be less), we bought an ENTIRE GIGANTIC COUNTRY for $800 million LESS than an 80-acre apartment complex in the East Village in Manhattan, where only one subway goes.
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