Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
For anyone who's ever wondered what it's like to have Roberta Flack or Yoko Ono as your neighbor but couldn't afford it, now might be the perfect opportunity to score a luxury apartment on the cheap. Sort of.
Apartment No. 66 at 1 West 72nd Street — otherwise known as the famed Dakota — was just listed at a bargain basement price of $15 million, according to New York City's online database of properties for sale. The four-bedroom, 4 1/2-bath property is currently owned by Sean Goodrich and Leslie Finerman, features seven wood-burning fireplaces, floor-to-ceiling windows and hardwood floors, according to the listing.
Illustrating that even New York's sizzling real estate market is subject to the laws of gravity, Apt. 66 is down from its $24 million asking price in 2008, the last time it was on the market. In September, the unit was last listed by Southeby's International Realty for $17.5 million.
The sale occurs against a backdrop that suggests NYC's torrid luxury market may be showing signs of slowing down.
Last year, the average apartment price in Manhattan hit a record $1.95 million in the fourth quarter. Yet according to data given to The New York Times by Compass, a real estate brokerage, more than 1,000 listings in Manhattan cut their asking prices in the last four months of 2015. Meanwhile, Apartment 66 is priced well above the average listing price for Manhattan's Upper West Side, which is $4,650,802, according to Trulia.
The Gothic style building, where the 1968 horror classic "Rosemary's Baby" was shot, is widely considered to be one of New York City's most exclusive addresses. Throughout the years, the building has housed a list of notable boldfaced names such as John Lennon, TV host Maury Povich and Judy Garland.
The $15 million price also presumes that a potential buyer will successfully navigate the building's notoriously discerning co-op board, which has been sued at least once for discrimination — and reportedly rejected potential applicants such as Melanie Griffith, Billy Joel and Cher.
Representatives of Douglas Elliman, the firm listing the property, declined to comment.