The luxury real estate game: winners and losers - Rava Realty

The luxury real estate game: winners and losers

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Which business moguls and celebs made out big in the last decade and who stomached the worst losses?

  • Woody Johnson –  accepted a $77.5 million offer for his Upper East Side apartment in October 2014, he hit on a euphoric moment in the New York City real estate market.
  • Johnson & Johnson – their  apartment at 834 Fifth Avenue was one of three sales that broke the co-op price record that year.
  • Leonardo DiCaprio, comedian Mike Myers and art dealer Guy Wildenstein were among the large group of sellers who lost money.

The absolute best time to sell (and worst time to buy) was 2015’s first quarter — when prices were peaking. On the flip side, the worst time to sell (and best time to buy) was 2009’s fourth quarter — when prices had bottomed out. (source: The Real Deal Magazine).

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