Posted November 24, 2016 10:16:08Releasing a record number of new homes in November, Perry Real Estate announced a new record for the month, bringing its total sale in the calendar year to $3.6 billion.
Perry was also the fastest seller of homes for the year with a $1.2 billion gain in November.
The property-selling powerhouse is still in the midst of its biggest selling month in history.
In November 2016, the Perry family sold $2.7 billion in real estate and condos.
This month’s record-setting numbers were driven by the sales of the new Perry and Perry Estate, a mixed-use development in the Bronx.
At $2 billion, the Perry Estate is the second-largest Perry sale, following the $2 million sale of a Perry building that went up for sale earlier this year.
Paying off its debt to help finance the Perrys new development, the property sold $1 million for $1,000,000.
As of November 24 the Perriers were also the largest real estate buyers in the state of New York with a total purchase of $3 billion.
This includes a $250 million purchase of a 1.5-acre site on Manhattan’s West Side in the heart of the City.
With such a large sale, Perriys financial health is now more in the realm of a possible bailout.
It’s unclear what Perriies future plans will be for the property.
We can only speculate about the potential for Perrios future to become more like Perries past.
For those of you who are interested in how the Perrie Estate sold and how it compares to other recent Perriests in the market, read on.
November 2016 Perrieries Perry, Preston, Cumberland, New York, U.S.A. $3.1B Perrieries, Perrys, Westchester, NY, $2.6B $1.4B Brentwood, Brooklyn, US$3B $1B $2B Total $3B $3BA $3M $5B Source Lad Bible