Manhattan Townhouse Listed for $49.5 Million Attracts the Interest of a New Facebook Billionaire
The first week of trading has seen a drop in the valuation of Facebook stock compared to the IPO prices. However, the IPO has created an estimated 1,000 young ultra rich techies. The price fixed for the IPO pushed the valuation of Facebook to $104 billion. The early insiders and investors in the social network suddenly turned into millionaires and even some billionaires . Their new found wealth has brought them into the market and the real estate sector could be a direct beneficiary. According to reports an unnamed West Coast based Facebook tycoon has shown interest in buying the TriBeCa’s 144 Duane Street property, an e xpensive Manhattan estate. It is a sprawling townhouse which hat hit the market with an original asking price of $45 million and bucking the trend the listing price was revised upwards to $49.5 million. The property dates back to 1862 but is rather well preserved for its age. The limestone building with a total of 23,000 square feet of space has un...