Two New York real estate investors have just made flipping history with what has been proclaimed as one of the most dramatic flips ever.
Scot and Donya Bommer, have just sold their Fifth Avenue Duplex for 48.9 million. What’s so spectacular about that?
They just bought it in January only paying $46 mil.
That’s my kind of deal.
But I’m curious. Why are they selling?
Seems it needs some rehabbing and they don’t really want to remodel right now.
You kind of have to be in the rehabbing mood, right?
But here’s another point. Does the New York City market look all that bad when deals like that are happening?
Find out more about the hisoric New York flip