Posts tagged as: melvin pomerantz

Ground Zero Mosque — Why would original owner turn down $18 million offer to sell for $4.8 million?

Ground Zero Mosque — Why would original owner turn down $18 million offer to sell for $4.8 million?

File this one under “things that make you go hmmmm”. Howard Portnoy is reporting that the original owners of the ground zero mosque building had an offer and agreement in place to sell the building for $18 million, only to back out of the deal at the last minute and sell the building for $4.8 million.  You don’t have to be a Good Will Hunting level math genius to know there’s something wrong with them apples. Howard Portnoy of the Hot Air Green Room tells us how less is more when selling a mosque : Unless the property is at 45-47 Park Place in New York City, aka the site of…

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