Roubini... took out an adjustable-rate mortgage that has a fixed rate of 3.625 percent for five years, according to city property records. The rate on the loan, which runs through 2041, will change in January 2016 and once each year after that.
In Manhattan, sales of luxury apartments, defined as the top 10 percent by price, jumped 19 percent in the third quarter to 266 transactions, according to New York-appraisal firm Miller Samuel Inc. Their median price climbed 12.5 percent to $4.39 million. Roubini’s purchase is more expensive than 96 percent of all Manhattan sales in the third quarter, said Jonathan Miller, president of Miller Samuel.
“Wow,” Miller said. “One of the most pessimistic economists who called it right, called the housing bubble. At first glance this could easily be taken as a sign that things are better.”
The three-bedroom, three-and-a-half-bathroom apartment includes a 50-bottle temperature-controlled wine refrigerator, a “custom walnut wet bar,” and a wrap terrace “ideal for sunbathing, stargazing and dining al fresco,” according to the property listing.
“Connected by a custom cantilevered steel staircase, each level of this amazing home offers something unique and unforgettable,” reads the listing by Richard Orenstein, a Halstead Property broker. “On the first floor, you’ll find a massive living/dining area bathed in southern light with 11-foot beamed ceilings, exposed brick walls, a wood-burning fireplace, and light from a 50-foot expanse of oversized windows.”
