Y'know, I've been critical of the New York Times's generally gentle coverage of Bruce Ratner, but a a "Big Ticket" column in the most recent Real Estate section does him wrong.
The roundup article, headlined Jessica Lange Among Owners Expanding Into Grander Homes, states that Ratner bought a two-bedroom, one-bath apartment for $1.725 million in the East Village, at 170 Second Avenue. It even includes a photo of Ratner and another of his building.
That's no big ticket, that suggests Ratner's downsizing from the grand Upper East Side townhouse he and his wife lived in before their divorce.
Sure, he's a boldface name, but, consider, among active listings on StreetEasy for two-bedrooms units at 550 Vanderbilt, the Pacific Park Brooklyn condominium building developed by Greenland Forest City Partners, ten have list prices more expensive than Ratner's purchase, while seven have list prices less expensive.
Sure, he's a boldface name, but, consider, among active listings on StreetEasy for two-bedrooms units at 550 Vanderbilt, the Pacific Park Brooklyn condominium building developed by Greenland Forest City Partners, ten have list prices more expensive than Ratner's purchase, while seven have list prices less expensive.
These days, a two-bedroom apartment in Manhattan for $1.725 million is actually fairly routine. A search the other day on StreetEasy found 1,294 apartments in Manhattan with two bedrooms and at least one bathroom, listed above $1.75 million.
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