During the downturn in the housing market in the early 1990s, lenders took away the building from the developer. Klar purchased his penthouse after his company, Klar Organization, was brought in to sell the unsold apartments.

The asking price reportedly is the highest for any New York City apartment currently on the market. A six-bedroom penthouse at One57, a tower currently going up nearby, is under contract for $90 million.

Questions:

1. How much did the owner buy the apartment for in 1993?

2. What is the asking price for the apartment?

3. How many bathrooms does the apartment have?

Answers:

1. $ 4.5 million.

2. 100 million dollars.

3. 9.

About the broadcaster:

Rosie Tuck is a copy editor at the China Daily website. She was born in New Zealand and graduated from Auckland University of Technology with a Bachelor of Communications studies majoring in journalism and television. In New Zealand she was working as a junior reporter for the New Zealand state broadcaster TVNZ. She is in Beijing on an Asia New Zealand Foundation grant, working as a journalist in the English news department at the China Daily website.

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