aby rosen pays 55 million for gilded age building artist jay maisel bought for 102000 around 1966 246924

Art collector and real estate financier Aby Rosen paid $55 million for the Gilded Age landmark building at 190 Bowery in New York, which had been owned for decades by photographer Jay Maisel. Maisel bought the property—the former Germania Bank building—around 1966 for a reported $102,000, making the sale a dramatic example of New York real estate appreciation. The building, located near the New Museum, was listed on Rosen's company RFR Holdings before he entered a contract to purchase it in August, and was subsequently re-listed for sale through Cushman & Wakefield.