Stuyvesant Town Sells for Mongolia's GDP
 

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Donald Trump is gonna have to try real hard to best this one: A group of Tishman Speyer-led investors announced they've agreed to pay Met Life $5.4 billion for Stuyvesant Town and Peter Cooper Village, marking the largest real estate deal in American history (bigger than the Louisiana Purchase?). Tax revenue alone is estimated at $100 million. By the numbers, we're looking at 110 building, some 11,000 apartments, and 80 acres of land. Or, in relative terms: Tishman paid $5.4 billion for 110 buildings – home to some 40,000 people – which works out to 3.27 times what Google paid for a silly video website. Just to keep things in perspective.

METLIFE SELLS PETER COOPER VILLAGE AND STUYVESANT TOWN APARTMENT COMPLEX [MetLife]

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