ST Alpha - "I just realized my guess included potential values of the buildings so I'm probably crazy high. -- nm" (Reading a Post)

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In response to "Jeez, that would be prime real estate. I guess like 50-100 billion. -- nm" by Krusty

I just realized my guess included potential values of the buildings so I'm probably crazy high. -- nm

Posted by David (aka David) Aug 27 '13, 10:57

(No message)

Responses:

I think I'm low. It has to be more than a $100b but less than a trillion. -- nm - Krusty Aug 27, 10:58 11
- You're sorta in the neighborhood (spoils) - prayformojo Aug 27, 11:00 10
  - I gotta say, that seems too high... over $600 million per acre?? -- nm - Don Homer Aug 27, 11:04 3
    - Either your math is way off or mine is. -- nm - David Aug 27, 11:16
    - Trump Tower is 58 floors and takes up much less than an acre it is valued at over $310M - I don't think the numbers are that far fetched -- nm - decline Aug 27, 11:15 1
      - yeah, I wasn't factoring in highrises as much as I should have. I just guessed a flat rate of $55 million/acre. -- nm - Don Homer Aug 27, 11:19
  - Right. Without the park the value of every property around it drops significantly. Still expensive but not Rockefeller expensive anymore. -- nm - Krusty Aug 27, 11:02 2
    - you're assuming that that (all of) it would be developed -- nm - zork Aug 27, 11:07 1
      - That's what we're talking about, I thought. -- nm - Krusty Aug 27, 11:08
  - If that land ever came available, the basic traffic patterns of NYC would be rewritten on the fly. -- nm - David Aug 27, 11:01 2
    - The people of NYC would riot if they tried to touch one inch of that park. - Krusty Aug 27, 11:03 1
      - But as to your point, the grid would fit it perfectly. It would be real easy to develop the area once you filled in the rivers and lakes. -- nm - Krusty Aug 27, 11:05
not as far off as some of the people I asked last week so said along the lines of - prayformojo Aug 27, 10:57 4
- Ha! $3m isn't getting you any acres in Manhattan. :-) -- nm - Krusty Aug 27, 10:59 2
  - some condos are more than that -- nm - zork Aug 27, 11:08 1
    - Yup. Change some to a lot and you nailed it. -- nm - Krusty Aug 27, 11:10
- with an "m"? wow -- nm - Beryllium Aug 27, 10:59

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