Vornado’s Steve Roth Sells West Village Loft for Four Times What He Paid

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The West Village, 1999. The meatpackers have all but left the nearby cobblestones, but a savvy buyer can still pick up a sprawling, newly-converted industrial loft for a little over a million bucks.

SEE ALSO: Vornado Leaning Toward 2 Penn Plaza Reno Rather Than Raze-and-Rebuild: Roth

Enter Steve Roth, chairman of megadeveloper Vornado, who knows a real estate deal when he sees one and is renowned for waiting out the market until the time is right to sell.
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