Billionaires' Row Neighbor Touted as NYC Bargain by Developer

A living room area is seen staged at the AvalonBay Communities Inc. Park Loggia condominium at 15 West 61 Street in New York, U.S., on Wednesday, May 15, 2019. AvalonBay Communities real estate investment trust acquired the site for the Park Loggia for $300 million, near the peak of Manhattan's high-end sales frenzy, with plans for luxury rentals and, perhaps, some condos. Since then, the borough has become saturated with both and AvalonBay decided the more-lucrative option was to go all-condo. Photographer: Mark Abramson/Bloomberg via Getty Images
A living room area is seen staged at the AvalonBay Communities Inc. Park Loggia condominium at 15 West 61 Street in New York, U.S., on Wednesday, May 15, 2019. AvalonBay Communities real estate investment trust acquired the site for the Park Loggia for $300 million, near the peak of Manhattan's high-end sales frenzy, with plans for luxury rentals and, perhaps, some condos. Since then, the borough has become saturated with both and AvalonBay decided the more-lucrative option was to go all-condo. Photographer: Mark Abramson/Bloomberg via Getty Images
Billionaires' Row Neighbor Touted as NYC Bargain by Developer
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