19 Jun '12, 3pm

This dude bought a private island in New York City for less than a studio apartment

Alex Schibli, 72, owns an island, right smack off the coast of Manhattan. (Delightfully, it’s called “Rat Island.” Great name for a NYC island, or BEST name?) When you hear “owns an island” you figure “Romney rich,” but Schibli only paid $176,000 for the 2.6 acres. That might seem like a lot, but when a studio apartment in the East Village is going for $400,000, really, it’s a steal. Schibli told the New York Post why he chose to buy a little piece of nature: I’d always dreamed of having my own place for peace and quiet in the middle of the ocean. When Rat Island came on the market, I had to buy it … I love swimming, canoeing and collecting mussels — and we’re going to have lots of fun with my family. There’ll be picnics, barbecues and the occasional party, but, more than anything, we’re just going to relax. Schibli’s also thinking of building a fab green home. He’ll used ...

Full article: http://grist.org/list/this-dude-bought-a-private-island-i...

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