Conservative Lawyer’s Nonprofit Sells Manhattan Property, Securing Close to 70% in Profits
New York — A conservative lawyer’s charity organization recently achieved a windfall, selling a Midtown Manhattan townhouse for nearly 70% more than it paid three years ago, a substantial financial gain highlighting the fluctuating dynamics of New York City’s real estate market even amidst economic uncertainties. The company, founded by the lawyer to facilitate conservative legal principles, had acquired the property in 2019 for about $13 million. Profit from real estate investments can vary widely in New York City, where property values are influenced by numerous variables including market trends, locale renovations, and the economic … Read more