15 CPW owner seeks to double money on flip

September 19, 2008 12:30PM By Adam Pincus
Apartment 7A in 15 CPW


Another apartment at 15 Central Park West has been returned to the market with a steep increase in price. Ravi Singh, who paid $15.87 million for the four-bedroom condominium unit 7A on March 20, is seeking to double his investment. He listed the 4,563-square-foot unit on Tuesday with Brown Harris Stevens for $32 million. There are 12 units available for resale in the development, with prices ranging from $3.45 million to $80 million, according to StreetEasy.





Comments

Anonymous

Adam, You're title "15 CPW owner looks to double his money on flip" is most likely very inaccurate. Rarely would an investor like this pay all cash for a property. Perhaps he put down 20% to close - if so, and he sells for $32M he would earn 4x his money once closing costs and broker fees are subtracted. If he sells for $32M I would assume he's much more likely to quadruple his money.

Comment #1 Posted By: Anonymous 09/19/08

david

Is the seller on crack hes asking 5ooo dollars a foot!!!!Hello times have changed people that does not happen today.your luck if you get 10 mill max...

Comment #2 Posted By: david 03/10/09

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