Photo of the Day: The birth of Stuy Town

Stuyvesant Town, the massive Manhattan housing complex built by MetLife for returning veterans in the 1940s, has just changed hands again, for $5.3 billion. Here’s a look at the site of what became Manhattan’s largest apartment complex. More than 600 buildings were razed to make room for it.

(To read more about Blackstone Group and Ivanhoe Cambridge’s deal to purchase the property, click here.)