4. Stuyvesant Town sold for $5.45 billion in 2015
Although the Metropolitan Life Insurance Company owned Stuyvesant Town for more than half a century, they sold the housing development to real estate company Tishman Speyer and investment company BlackRock in 2006 for $5.4 billion. This was one of the most expensive real estate deals that took ever place in New York City. The companies planned to increase rents once they owned the property, but they eventually faulted on their loans, forcing the property to switch owners again. CW Capital then owned the property until 2015.
Currently, property management company Ivanhoé Cambridge and investment banking company Blackstone own the development. Ivanhoé Cambridge and Blackstone bought StuyTown for $5.45 billion, a $50 million increase from the price Tishman Speyer and BlackRock bought the housing development for. Though all of the units in StuyTown are rent-stabilized because of the era in which they were built, this has been a point of contention between tenants and recent complex owners.