# $27 million worth of condos in New York

**Published by:** [Brandon Donnelly](https://brandondonnelly.com/)
**Published on:** 2020-04-16
**Categories:** capital-flows, condo, housing, manhattan, maria-velazquez, new-york-city, peru, pre-construction, real-estate, south-american-family, waterline-square
**URL:** https://brandondonnelly.com/dollar27-million-worth-of-condos-in-new-york

## Content

This week it was reported that a South American family has bought and closed on ~$27 million worth of residential condos at Waterline Square in Manhattan. Apparently they went into contract (after the online showings) and closed on the same day, which I suppose you can do when it's an all-cash deal like this was. The agent, Maria Velazquez, didn't disclose who the family was, but apparently they're from Peru and they wanted a safe place to park their money during this pandemic. Uncertain times usually create buying opportunities, and it sounds like the family did get a bit of a bulk discount here. But it's also interesting to see where capital is flowing right now and what is perceived as a safe haven. Residential real estate in one of the world's preeminent global cities probably won't come as a surprise to any of you.

## Publication Information

- [Brandon Donnelly](https://brandondonnelly.com/): Publication homepage
- [All Posts](https://brandondonnelly.com/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@brandondonnelly): Subscribe to updates
- [Twitter](https://twitter.com/donnelly_b): Follow on Twitter

## Optional

- [Collect as NFT](https://brandondonnelly.com/dollar27-million-worth-of-condos-in-new-york): Support the author by collecting this post
- [View Collectors](https://brandondonnelly.com/dollar27-million-worth-of-condos-in-new-york/collectors): See who has collected this post