American Heritage® Dictionary of the English Language, Fourth Edition
- Minuit, Peter 1580-1638. Dutch colonial administrator who purchased Manhattan from the Wappinger for trade goods legendarily valued at $24.
- n. Dutch colonist who bought Manhattan from the Native Americans for the equivalent of $24 (1580-1638)
“This transaction is commonly referred to as Minuit's purchase of Manhattan, though most modern scholars assert that the Native Americans did not share the European cultural concept of land ownership, so what they believed they had relinquished through the transaction remains ambiguous.”
“The thing that immediately strikes one about Minuit is that there is no reason why any of the events in it should happen.”
“That being said, Geisha is back with their third album in hand titled Maudit a Minuit, which is being handled by the UK based Super-Fi Records.”
“At the same time, the Minuit deal is a sign that the market for development sites is coming back to life for buyers who have patience.”
“Minuit was established a year ago by two former property executives at a small private-equity group named Madison Capital.”
“Banks are becoming more "realistic" about selling loans, says David Schechtman , of Eastern Consolidated, who was the broker on the sale of the properties to Minuit.”
“Robert Stolarik for The Wall Street Journal Minuit bought the debt on the First Avenue sit e, in hopes of building a condo tower in the future.”
“Mr. Enters said that if Minuit succeeds in taking control, it would spend about $300,000 conducting minor updates to the apartments and stores, and then lease them out, delivering a yield of about 7% on the money it invested.”
“A development would depend on demand for condos as well as whether Minuit would be able to buy adjoining properties, he says.”
“Minuit would then look to build a tower with about 100 apartments on the site in about three years.”
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