New York investment firm bought 427 CityCenter condos for $119 million

New York investment firm bought 427 CityCenter condos for $119 million

Did you have the Listing?

That's an average of 278,689 per condo. I realize some are larger than others. That seems like a good deal. I looked on line at them and I don't think I would want to own one.

I heard that the monthly fees are a deal breaker

The monthly HOA dues are high for these units but there are a lot of amenities.

You will not see any of these units for sale to the retail custom anywhere near the 278,689 price.

From what I have read and heard they plan to rent out a lot of these units until the market further recovers, as they are trying to catch the appreciation on the way back up.

No it was not my deal. Just interesting news for the City Center market here.

DonDiego intends to wait until after the Apocalypse to invest in Las Vegas real estate.

Sounds like a good idea DD! When people stop jumping off of them...it's time to buy!