Looking for a great deal?
Get ALL THREE of our new thank-you gifts when you donate $120.
This is a limited time offer – so act soon!
How much house do you get for $238 million? Try 24,000 square feet across four stories with 360-degree views through floor-to-ceiling windows, right across the street from New York’s Central Park. It’s the most paid for a home in the United States. But it’s a throwback to the red-hot real estate market of three years ago, when Citadel hedge fund founder Ken Griffin signed a contract to buy the place. (The deal closed now that the building’s nearing completion.) Since then, New York’s real estate market has been slumping. Last year, the median price of a Manhattan condo dropped below $1 million for the first time in three years. And waiting lists for affordable housing in the city are longer than ever.
Click the audio player above to hear the full story.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.