I've lost my socks - is my shirt next?Hilfiger Sale
435 Round Hill Road was purchased for $18 million by Tommy Hilfiger back in October '05, had a ton of new (and expensive) modifications dumped into it and was put back up for sale earlier this year for $27.9 million. It was reduced today 21% down to $21.995. Subtracting the money spent improving it and commissions, taxes and all the other assorted transaction costs, I'd guess that Mr. Hilfiger is already out-of-pocket from owning this house for three years; and he hasn't sold it yet.
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Article on Bloomberg.com about a huge luxury Brooklyn condo project whose developers won't lower prices, because they want to "maintain price integrity". That is what the "I'll-never-cut-my-asking-price" people are doing! Maintaining price integrity!
http://www.bloomberg.com/apps/news?pid=20601109&sid=apwjoXx2HYMQ&refer=home
CEA
Well that works, until it doesn't.
"maintain price integrity"
Hoo, boy, another one for the books!
Tommy's house isn't selling because, in a word, it's ugly. Even with the instant allee of trees he planted (see my blog of 4/14/07, "Tommy Hilfiger Plants a Tree"). You can roll a bowling ball from one end of the house to the other...spacious, yes; gracious, never.
Would it be cruel to point out that it's another "Creation by Mark (Mariani)"?
Could part of the "Asking Price" - be his name??
Good Point - re - the bowling ball - start at the 'Waiting Room - Office Area' - at the far right end of the house - and let the ball start to roll - and yes - be prepared to wait a-while too!
Guess Who Owned The House - Before Tommy??
I am a fan of Tommy's but I think he paid too much for the house.
Greenwich Diva
So does he, apparently.
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