i'm not 100% if this is the same property the NYT article talks about. The sq footage and address are correct, but prices are NOT!
this one was listed way below the $20 million that was then raised to $25 million.
The house’s owner, Michael Hirtenstein, calls himself a “huge design fan” who has more homes in Manhattan, the Hamptons and Los Angeles than he knows what to do with since making a pile from his sale of WestCom, which installed telecommunications in Wall Street trading houses.
He bought the town house for under $15 million in 2006 and let a friend live in it. Previously used as offices by a foundation, it was “in awful shape,” he said: the kitchen and elevator barely functioned, and the bathrooms needed work. He repaired them and put it on the market in February for $20 million.
...
Meanwhile, the asking price has been raised to $25 million. At his stratospheric end of the market, Mr. Hirtenstein argues, he doesn’t have to worry about losing midlevel wanna-buys from Lehman Brothers who might have been looking for a mere $4 million apartment; he is offering one of the few single-family homes facing the private park. “In any market like this, there are people making money,” he said. “And there are other people who are just stinking rich.”
Sale at 260 West Broadway, in NYT?
i'm not 100% if this is the same property the NYT article talks about. The sq footage and address are correct, but prices are NOT!
this one was listed way below the $20 million that was then raised to $25 million.
Is this owner winning the TOP DELUSIONAL prize?
http://www.nytimes.com/2008/09/28/realestate/28cov.html?pagewanted=2&_r=1
The house’s owner, Michael Hirtenstein, calls himself a “huge design fan” who has more homes in Manhattan, the Hamptons and Los Angeles than he knows what to do with since making a pile from his sale of WestCom, which installed telecommunications in Wall Street trading houses.
He bought the town house for under $15 million in 2006 and let a friend live in it. Previously used as offices by a foundation, it was “in awful shape,” he said: the kitchen and elevator barely functioned, and the bathrooms needed work. He repaired them and put it on the market in February for $20 million.
...
Meanwhile, the asking price has been raised to $25 million. At his stratospheric end of the market, Mr. Hirtenstein argues, he doesn’t have to worry about losing midlevel wanna-buys from Lehman Brothers who might have been looking for a mere $4 million apartment; he is offering one of the few single-family homes facing the private park. “In any market like this, there are people making money,” he said. “And there are other people who are just stinking rich.”
ah, ok, this is the house priced at $20M and then at $25M... anyway, still what a crazy guy!
http://www.streeteasy.com/nyc/sale/95991-house-23-gramercy-park-gramercy-park-new-york