Manhattan’s Top 10 Condo Flips

The Real DealJuly 29, 2015

The next four most profitable flips were all at Related Cos. and HFZ Capital Group’s One Madison, at 23 East 22nd Street in the Flatiron District. The units – including two 14th-floor apartments sold by owner Michael Wolf for a combined $8.8 million – netted their owners a total profit of $5.2 million, or a 31 percent markup, mere months after the initial purchases.