Manhattan Luxury Condos Turn to High-End Rentals in Days – Bloomberg Business
Manhattan Luxury Condos Turn to High-End Rentals in Days – Bloomberg Business
(Bloomberg) — One Tuesday last month, a buyer at Manhattan’s Stella Tower completed the $5.35 million purchase of a two-bedroom condominium on the 14th floor. That Friday, the home was listed for rent at a rate that makes it one of the costliest apartments in the midtown west neighborhood.
The buyer, a shell corporation listed in records as Stella 14E LLC, is seeking $19,500 a month for the…
