In 2009, Fitch Ratings valued the 80-acre Stuyvesant Town-Peter Cooper Village apartment complex in Manhattan at US$1.8-billion. Unfortunately, it had been sold three years earlier for US$5.4-billion.
The largest real-estate transaction in history had turned out to be a massive real-estate bust.
http://business.financialpost.com/2013/04/18/stuyvesant-town-peter-cooper-village-deal/https://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn
