10/22/2026
Someone agreed to pay $164 million for… nothing. Just the empty sky above St. Patrick’s Cathedral. ☁️💰
It’s called air rights: the right to build in the space above a property. In New York, owners who don’t use their full building allowance can sell it to neighbors who want to go taller. That’s how some of Manhattan’s biggest towers got their height.
In the right zip code, the sky above a building can be worth more than the building itself.
Would you sell the air above your home? 👇