A quick google research on apartment prices in Williamsburg, Brooklyn or New York Times real estate website gives a 2000 SQ. FT apartment cost between 1 and 2 million. I could not find any decent 2000 sq. ft. apartment under 1 million.
XIN is rumored to construct 200 or so apartments. So eventually, could these possibly be sold for 300 million? Is that totally off the base?
XIN paid 54 million for land. What is total construction cost for 500K sq. ft. construction in NYC?