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Got Comps? The 64 Million Townhouse

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Eli Weiss

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New York





http://wcbstv.com/topstories/Pricey.Town.House.2.658324.html

http://www.observer.com/2008/sale-no-vacancy-inside-emptying-manhattan-s-64-m-mansion

http://www.brownharrisstevens.com/detail.aspx?id=786661


Well, I have one that's under contract.......
http://www.brownharrisstevens.com/detail.aspx?id=607913
 

Claude From NY

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Remarkable

Not worth a penny over $59M :icon_mrgreen: Actually, not my style. Might make for a good embassy for some rich emirate though. I'd rather get a PH at the top of the Time Warner Center and have a few bucks left over for fun.
 

Eli Weiss

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Certified Residential Appraiser
State
New York
Not worth a penny over $59M

Claude, You might not even know it, but you just appraised that property, as an appraiser you have given your opinion, and you did it writing, I hope you have a $25 Mil. E&O policy, cuz that's about what I think it's worth, but I won't state an actual number, since my E&O covers only a mil. :rof:
 

David Wimpelberg

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Claude, You might not even know it, but you just appraised that property, as an appraiser you have given your opinion, and you did it writing, I hope you have a $25 Mil. E&O policy, cuz that's about what I think it's worth, but I won't state an actual number, since my E&O covers only a mil. :rof:

Read the answer to the last question on the October 2007 USPAP Q&A, which deals with having no client.:)

I don't know Manhattan at all. That underlying land value must be insane. You can reproduce a home like that on any (nonsubdivisible) oceanfront lot in the estate areas of East Hampton or Southampton for a whole lot less.

If I had that kind of money I'd have my own private island in the Exhumas, complete with rum plantation, and you'd never hear from me again.:)
 

Lee in L.A.

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Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
I don't know Manhattan at all. That underlying land value must be insane.

Being on the left coast I have no idea either.
It's very high, but location location location. :shrug:
 

Kevin Mc

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Jun 7, 2004
Professional Status
Certified Residential Appraiser
State
New York
I hope the buyer isn't going for 90% financing.
 

Claude From NY

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Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
New York
Claude, You might not even know it, but you just appraised that property, as an appraiser you have given your opinion, and you did it writing, I hope you have a $25 Mil. E&O policy, cuz that's about what I think it's worth, but I won't state an actual number, since my E&O covers only a mil. :rof:

Nice try Grasshopper, I'm starting to like your humor :icon_mrgreen:

If I had that kind of money I'd have my own private island in the Exhumas, complete with rum plantation, and you'd never hear from me again.
NIce....I expect a couple of bottles of the good stuff Mon!
 

KenRossman

Senior Member
Joined
Oct 20, 2004
Professional Status
Certified General Appraiser
State
Florida
At 18,500 sf thats $3,459 per sf GLA.

Sold 9/03 for $7,600,000 with a 5/07 LLC paper transfer? of $20,000,000

$64,000,000 ????

yikes...
 
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