5. The San Remo and The Beresford Were Sold for $25K
During the Great Depression, both The San Remo and The Beresford — another pre-war apartment building designed by Roth — ran into some financial difficulties: wealthy tenants were difficult to come across, and soon enough The San Remo fell into bankruptcy.
In 1940, the buildings were sold in a package for just $25,000 cash over existing mortgages. To put the value of that bargain into context, it’s worth noting that the buildings had been valued at $10 million in 1929.
Fast forward to present day and the exorbitant price tag for a unit at The San Remo ranges from $3 million to $25 million. In fact, $25,000 could not buy you a broom closet inside the apartment building today, reports The New York Times.