Posted on 01/11/2021 5:55:04 PM PST by dynachrome
Nobody wants to buy notorious sex offender Jeffrey Epstein’s real estate.
The convicted criminal’s grand, 28,000-square-foot townhouse in Manhattan’s tony Upper East Side has undergone a $23 million price cut, sources told the Wall Street Journal.
The seven-story, French Neoclassic mansion was originally listed for $88 million in July. The price has since been reduced by about 26%, to a still hefty $65 million.
Epstein was found dead in prison in 2019. The money earned from the sale is to go to the disgraced financier’s alleged victims, who filed claims against his estate.
COVID-19 dealt New York City’s luxury market a blow. Many wealthy residents left the city, choosing to ride out the pandemic in second or third homes in the Hamptons or other vacation destinations.
The number of contracts signed were down 31% in 2020 for Manhattan properties priced at $4 million or above, according to luxury real estate brokerage Olshan Realty’s end-of-year market report. The average price drop was 12%.
(Excerpt) Read more at marketwatch.com ...
If I buy it, it’s only worth $15,000. My property taxes will be cut accordingly.
Nothing like vacancy signs to drive the price of real estate down.
Oy vey, such a deal.
Does the price include the portrait of BJ Clinton in his blue dress and red high heels in the front hall?
Its nice, but you’d have to live in New York City.
True on those things
I can’t imagine anyone would would want that place
; )
Ping!
Once looked at a house for sale that was listed way below market value. Thought we were getting a real steal and almost bought it until I found out it was for sale because the previous owner blew away his wife and kid and then himself.
That has to be disclosed to prospective buyers.
That was like 40 years ago. Were “material fact” laws on the books then?
When shopping for houses in California [Los Angeles], that one must disclose the death of an occupant of the house when selling.
Quoting:
Per California civil code 1710.2, any and all deaths within the last 3 years must be disclosed. If it has been more than three years later, technically the death does not have to be disclosed. ... This might result in lower offers, meaning the death actually affected the value of the house.
It is often alluded to when touring houses for sale.
Epstein is still dead. He won’t be using it any more nor will he care about how much it is sold for.
Maybe Hillary’s daughter and her failure in-laws will buy it and rent it to Hillary for “40 pieces of gold”. She won’t need her Chautauqua home since “Little Willie” doesn’t live there any more and it will be too far from NYC and her self-important many appears in the Rotten Apple to keep travelling from.
One thing I can guarantee you is that Epstein DOES NOT have any “necked” photos of Hillary. Nobody does who wants to retain their eyesight.
Likely typical of all NY right about now... : )
I wouldn’t care that Epstein owned it but....7 stories? Hope it has an elevator. I hate stairs.
I suspect the price drop has more to do with the general trashing of NYC by DeBlasio, Cuomo, and their mobs.
First sentence says it all. No woman wants a house with that history!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.