Harmon eyes record $600m sale.
It has been estimated that if converted, apartments in the building could fetch up to $15 million apiece on average.
The owners who convert won't have to look far for interested buyers either. Renters currently pay north of $30K per month, a chunk of dough just about on par with what gargantuan monthly mortgage payments would cost.
According to some brokers, the building could grab up to $600 million, a figure that if achieved, would shatter pricing records for a residential property.
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|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Aug 17, 2005|
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