I was interviewed for the U.S. version of one of China’s largest TV networks – CGTN America (formerly CCTV) on the state of the Manhattan luxury housing market and that $238 million condo sale that set the U.S. price record at 220 Central Park South.
Yes, it’s the real estate topic that won’t die.
Tags: 220 Central Park South, Luxury, Ken Griffin, $238 million, CGTN America, Karina Huber, Donna Olshan
With all the hubbub about the new Manhattan residential price record of $238 million and potential ramifications, I wanted to create a chart to give readers a sense of how disconnected this sale is from the prior records, and from housing prices for mere mortals in already one of the highest priced housing markets in the U.S.
I have done this before, first in 2012 when the famed $88 million penthouse sale at 15 Central Park West launched the global “super luxury” “aspirational pricing” phenomenon and the subsequent 2014 Michael Dell penthouse sale at One57 of $100.5 million.
But this time, given that this new sale would require a chart that was more than double the height of the 2014 chart, I could not find an affordable graphics app that could capture my Excel chart but create an image (png, jpg, etc.) with small enough resolution to be legible, yet still be small enough in size to be accepted by WordPress.
My solution? Make a screencast video.
To watch this, first, pack a lunch. Then, click here or on the snapshots below of the top and bottom segments of the tall chart to play the video.
Then relax and watch me start scrolling. It provides some useful context and is pretty cool despite the poor audio quality:
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Tags: tallest chart, Ken Griffin, $238 million
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Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state, and federal courts. He holds the Counselors of Real Estate (CRE) designation, is an Appraiser “A” Member of the Real Estate Board of New York, and is a member of RAC.
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You'll be able to choose from an array of robust housing metrics compiled using research developed during the preparation of our market report series. Expanded significantly from prior offerings, use this resource to build charts and custom data tables or leverage your own information for more powerful research and presentations.
In the meantime, here is a small sample of the aggregated data we will provide.
Forbes ('20-)
Appraisersblogs ('17-)
'Three Cents Worth' column 3CW ('05-'16)
When Curbed was acquired by Vox, my eleven years of 3CW chart art and column links were broken on Curbed NY, Curbed DC, Curbed Miami, Curbed Hamptons, Curbed LA, and Curbed Ski.
Many of my 3CW charts can be found here:
Curbed 3CW Full Chart Archive
Op-ed column ('14-'15)
'Economic Spotlight column ('03-'09)
New York Times experiment ('08-09')
Huffington Post (09')
Favorite "How to Value" Posts
Recent Comments on Matrix