Gary Stern takes a look at the (sometimes) foreign, but always MEGA money in play buying up New York Real Estate. In conversation with LW! executive director Sean Khorsandi, and our colleagues at the Greenwich Village Society of Historic Preservation, he asks who are all of the LLC’s behind the purchases, and how much of the pricing is driven up by hedge fund buyers. In a market where open floors in superscrapers are selling for more money than landmarked mansions and rowhouses, it might not be the key question to ask but the discussion is well worth a read. The Death and Life of a Hedge Fund Mansion.
