Throw away your spreadsheets, fellas — you know, the ones that show what a $1,000 a sq. ft. "should" get you?

My Wall Street pals are always trying to show me carefully-prepared spreadsheets charting price per square foot calculations and telling me that they use them to calculate their bids on particular properties. Okay, here’s 45 Sound Beach Avenue Ext. , 1, 344 sq.ft. just sold for $1.575 million.

Sheesh.