Without Ken Griffin's real estate deal, the average sales price in the first quarter would have been $2,006,952, said Jonathan Miller, CEO of appraisal and research firm Miller Samuel.
div > div.group > p:first-child"> Hedge fund billionaire Ken Griffin's $238 million purchase of a condo in Manhattan single-handedly boosted the average sales price in Manhattan by more than $100,000 in the first quarter, according to an analysis.
It turns out, the sales price average was given a big lift by Griffin's purchase. Without the deal, the average sales price would have been $2,006,952, said Jonathan Miller, CEO of appraisal and research firm Miller Samuel. That means that Griffin's purchase increased the average sales price by $112,188.
But they also have reason for anger. His purchase galvanized the left-leaning politicians in the state's Democratic party, which now controls the state Senate and Assembly. After headlines about the deal in January, legislators rallied around a proposal to tax pied-a-terres — second homes like Griffin's. It would have imposed an annual tax on homes valued at more than $5 million.
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