New York City a Real Estate Bargain?

Usually when I think of Manhattan, the last words that comes to mind are “bargain” or “affordable” but if you are one of the lucky few of the “Global 1%”, a penthouse in NYC is a bargain compared to say super chic Monaco where a million dollars will not buy you much more than a bedroom – and a small 160 square foot bedroom at that! Compared to NYC where you can get a 430 square feet bedroom, bath, living room/kitchen combination, it is a deal!

Best bargain for billionaire buyers? Cape Town, South Africa where your $1M will buy you a spacious, sprawling 2300+ square foot penthouse.

Get the full story at CNBC.

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