2,000 NYC Apartment sold 42 years later for Million
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February 24, 2015
$102,000 NYC Apartment sold 42 years later for $52 Million

One of the best real estate deals ever! Imagine an apartment/ old bank with the original price of $102,000 in 1966 located in NYC and it was sold today for $52 million!

$102,000 NYC Apartment sold 42 years later for $52 Million

This 190 Bowery residence belongs to the photographer Jay Maisel and was sold to developer Aby Rosen. It was a greatest real estate investment returns in New York City history.

$102,000 NYC Apartment sold 42 years later for $52 Million

Maisen bought this building and converted it into a home for his family and this happened 42 years ago.

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$102,000 NYC Apartment sold 42 years later for $52 Million

On the left Maisel stores his work in the original safe-deposit vault on the right the beautiful copper elevator

After 11 Spring Street got converted into condos the 190 Bowery that once was a Germania Bank became the block’s new favorite graffiti-covered curiosity. But it is not an abandoned home, it is just a “72-room Bohemian dream house”, inhabited for the past 42 years. It is up for sale by Cushman & Wakefield it has 6,260 square feet with a bassement and a roof terrace. The first floors feature an 18-foot ceiling height and the rest have 11-foot ceilings.

$102,000 NYC Apartment sold 42 years later for $52 Million

Living spaces full of artistic vibes

The kicker? Maisel bought the nondescript six-story building and converted it into a home for his family 42 years ago for a comparatively paltry $102,000.

$102,000 NYC Apartment sold 42 years later for $52 Million

Maisel´s works on this halls and one the right of the bedrooms of the mansion

When you see the inside you think this is an artists place and you still can see some relics from its days as a bank.

$102,000 NYC Apartment sold 42 years later for $52 Million

Kitchen area with a pintch of electric blue on the wall

Most of the renovations of the building were made by Maisel. This space was used has a mansion slash office and it has that vibe even now.

$102,000 NYC Apartment sold 42 years later for $52 Million

The original copper elevator is stunning and also the old vault where Maisel stores his work.

Anyway this was a pretty good sale!

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