NY Apartment, 160 square feet, sells for $135,000

An interesting article on Manhattan closets… ahem… I mean co-ops, that are selling for outrageous prices in New York. The reason? “But the building is the epitome of location, location location.” What the hell could be around there that’s so damned compelling? Please.
Just a side note: I paid $74,000 for my 2,300 square foot, four bedroom, Queen Anne style Victorian home in one of the nicest historic neighborhoods in Indianapolis. My house is 14 times the size of this guy’s apartment, and I’m paying half of what he’s paying. Needless to say, I think New Yorkers are nuts.

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