"Crain's was first to report on the sale and writes that it "coalesced quickly." The listing was floated around off market, a contract was signed in September, and it closed by November 6. If this doesn't seem that fast, consider the timeline of events: July 16 was the day of the fateful concert when Chris Martin himself zeroed in on Andy Byron and HR director Kristin Cabot embracing."
"They ended up getting $370,000 more than they paid three years ago, which may seem like a lot of money, but in the zany world of New York City real estate, it amounts to having "basically broken even," per Crain's. (Especially if you figure in taxes and common charges paid over the same period - about $81,000 a year, or $290,000 for the three and a half years they owned the property.)"
A tech CEO publicly caught embracing his HR director sold a four-bedroom, full-floor Tribeca condo for $5.8 million in a rapid transaction that closed within months of the public incident. The listing circulated off-market, a contract was signed in September, and the sale closed by November 6. The couple received $370,000 more than their purchase three years earlier, about a 6.8% gain. Annual taxes and common charges averaged roughly $81,000, totaling about $290,000 over ownership and substantially reducing net profit. The sale is the first resale in the eight-unit building that opened in 2022.
Read at Curbed
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