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Owner of Newyork.com Will Make Millions When He Sells
By
Sabrina Jaszi
Published Mar 14, 2010
Modified Mar 15, 2010
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By
Sabrina Jaszi
Published Mar 14, 2010
Modified Mar 15, 2010
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A firefighter, an entrepreneur and a real estate broker bought up city domain names when they were cheap, and hope to make their fortunes selling them off. In 1994 when Leland Hardy purchased it, NewYork.com cost just a few dollars. Since then, would-be buyers have approached him with "substantial sums that would make others quake in their boots," ($6 million is the figure he floats) but Hardy—who owns thousands of other domains—is waiting to sell. According to the News, two other New Yorkers are wrapped up in similar get rich slow schemes.
Kevin Cahill picked up Statenisland.com for $30,000 in 2003; now it’s valued at $200,000. Queens.com was purchased by a Brooklynite, Larry Fischer, for a sum “in the mid-five figures.” All three men say they make good incomes just operating the sites, even though they’re on the sparse side. In fact, the content hardly matters (Queens.com has none, for instance). "These sites get a lot of traffic, and with traffic, comes revenue," said Jerry Nolte, CEO of Domainers magazine. "You don't need a fully developed site."
In other domain name news, Sex.com recently sold for $14 million!
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