Editing Manhattan (section)

===Real estate===
[[Real estate]] is a major force driving Manhattan's economy. Manhattan has perennially been home to some of the world's most valuable real estate, including the [[Time Warner Center]], which had the highest-listed market value in the city in 2006 at US$1.1&nbsp;billion,<ref>{{cite news |last=McTiernan |first=Andy |url=http://www.thefreelibrary.com/A+quantum+leap+for+capital+assets.-a0223752080 |title=A quantum leap for capital assets |publisher=The Free Library By Farlex |date=2008 |access-date=October 16, 2014 |archive-url=https://web.archive.org/web/20150904044103/http://www.thefreelibrary.com/A+quantum+leap+for+capital+assets.-a0223752080 |archive-date=September 4, 2015 |url-status=live }}</ref> to be subsequently surpassed in October 2014 by the [[Waldorf Astoria New York]], which became the most expensive hotel ever sold after being purchased by the [[Anbang Insurance Group]], based in China, for {{US$|1.95 billion}}.<ref name="Robert Frank">{{cite web|url=https://www.cnbc.com/2014/10/06/waldorf-becomes-most-expensive-hotel-ever-sold-195-billion.html|title=Waldorf becomes most expensive hotel ever sold: $1.95 billion |author=Robert Frank|publisher=CNBC|date=October 6, 2014|access-date=October 9, 2014|archive-url=https://web.archive.org/web/20141009072204/https://www.cnbc.com/id/102062617#.|archive-date=October 9, 2014|url-status=live}}</ref> When 450 Park Avenue was sold on July 2, 2007, for US$510&nbsp;million, about US$1,589 per square foot (US$17,104/m²), it broke the barely month-old record for an American office building of US$1,476 per square foot (US$15,887/m²) based on the sale of 660 [[Madison Avenue]].<ref>Quirk, James. {{cite web|url=http://www.northjersey.com/page.php?qstr=eXJpcnk3ZjczN2Y3dnFlZUVFeXk4NDImZmdiZWw3Zjd2cWVlRUV5eTcxNjI5NzEmeXJpcnk3ZjcxN2Y3dnFlZUVFeXkyMg== |title=Bergen offices have plenty of space |archive-url=https://web.archive.org/web/20071222235142/http://www.northjersey.com/page.php?qstr=eXJpcnk3ZjczN2Y3dnFlZUVFeXk4NDImZmdiZWw3Zjd2cWVlRUV5eTcxNjI5NzEmeXJpcnk3ZjcxN2Y3dnFlZUVFeXkyMg%3D%3D |archive-date=December 22, 2007 |url-status=dead }}, ''[[The Record (Bergen County)]]'', July 5, 2007. Accessed July 5, 2007.</ref> In 2014, Manhattan was home to six of the top ten [[zip code]]s in the United States by median housing price.<ref>{{cite magazine|url=https://www.forbes.com/sites/erincarlyle/2014/10/08/new-york-dominates-2014-list-of-americas-most-expensive-zip-codes/|title=New York Dominates 2014 List of America's Most Expensive ZIP Codes|author=Erin Carlyle|magazine=Forbes|date=October 8, 2014|access-date=October 9, 2014|archive-url=https://web.archive.org/web/20141012002319/http://www.forbes.com/sites/erincarlyle/2014/10/08/new-york-dominates-2014-list-of-americas-most-expensive-zip-codes/|archive-date=October 12, 2014|url-status=live}}</ref> In 2019, the most expensive home sale ever in the United States occurred in Manhattan, at a selling price of US$238&nbsp;million, for a {{convert|24,000|ft2|m2|adj=on}} [[penthouse apartment]] overlooking [[Central Park]],<ref>[https://www.bloomberg.com/news/videos/2019-01-29/hedge-fund-billionaire-ken-griffin-buys-america-s-most-expensive-home-video "Hedge Fund Billionaire Ken Griffin Buys America's Most Expensive Home"] {{Webarchive|url=https://web.archive.org/web/20191219202107/https://www.bloomberg.com/news/videos/2019-01-29/hedge-fund-billionaire-ken-griffin-buys-america-s-most-expensive-home-video|date=December 19, 2019}}, ''[[Forbes]]'', January 29, 2019. Accessed February 16, 2019.</ref> while [[Central Park Tower]], topped out at {{convert|1550|ft|0}} in 2019, is the [[list of tallest residential buildings|world's tallest residential building]], followed globally in height by [[111 West 57th Street]] and [[432 Park Avenue]], both also located in Midtown Manhattan.