Gutted Muppet Mansion Listed for $32 M.
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This is the year of the ridiculously massive, gloriously ambitious real estate listing.
Remember the $75 million house on East 71st that art collector Aby Rosen bought for just $15.65 million in 2004, or the $64 million house on East 68th that sold for $7.6 million in 2003?
It's another day, and there's another epic listing. Corcoran's Carrie Chiang has put the red-brick, neo-Georgian mansion at 117-119 East 69th Street (between Park and Lexington) on the market for $32 million.
Muppet mogul Jim Henson bought the 12,000-square-foot house in 1977, but his family kept it until 2005, a decade and a half after his death.
According to city records, the Henson estate sold the place for just $12.4 million to Brian Brille, the global head of investment banking for Bank of America, and his wife Leslie. They want just about $20 million more than they paid three years ago, but it turns out that the Brilles haven't done renovations yet.
"It’s not even an outrageous price like Aby’s," Ms. Chiang said, referring to the collector's $75 million listing. "That needs a gut renovation, mine is gutted, ready to go!" The broker wouldn't discuss her clients, but she said they ripped the house to its bear bones, then opted for an apartment.
"He decided he wants a doorman," she said.
The mansion's grand staircase and living room are still intact, but everything else has to come from the buyers. "The bedrooms you have to redesign," the broker said--and same goes with the plumbing and the elevator. "Everything has to be brand new-ed. But it’s a gorgeous, gorgeous mansion."
This listing aside, today hasn't been good for Mr. Brille. His bank, the second largest in the country, just said their first quarter net income tanked to $1.21 billion from $5.26 billion one year earlier. Oops.
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