Market Snapshot: The Week of April 9, 2014

April 9, 2014

Pritzker Prize winning architects are selling on average 47.5% higher than the Manhattan market average? Leonardo DiCaprio the real estate investor?

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6 injured after crane collapses in Hudson Yards

By Aaron Ginsburg

Four civilians and two firefighters sustained minor injuries on Wednesday morning when a construction crane on the border of Hudson Yards and Hell's Kitchen caught fire and partially collapsed onto Tenth Avenue. The fire occurred 45 stories above the construction site at 550 Tenth Avenue at roughly 7:25 a.m. when the engine compartment of the crane caught fire. The fire gradually weakened the crane's cable and sent 16 tons of concrete and the crane's boom plummeting to the ground, causing damage to 555 Tenth Avenue on its descent, according to the fire department.
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