An $8million Price Drop, A New $14million listing & A-Rod Striking Out

Nick Hetherington

east 71st street townhouse

east 71st street townhouse

Investment banker Lewis van Amerongen has slashed the price of his five-story townhouse at 13 East 71st Street. First listed last September for $24.95 million, the 8,766-square-foot manse can now be yours for $16.95 million. [Cityfile]
• But that hasn’t stopped Dr. Richard Kaul, an anesthesiologist and spine specialist, putting his 7,200-square-foot townhouse at 69 West 83rd Street on the market for $14 million. Kaul bought the home for $3.6 million back in 2005. His broker must be selling him a pipe dream. Agreed, the townhouse has undergone an extreme makeover but let’s face the facts Doc, anyone in their right mind would not pay 4 times what you paid for it in the height of the market in 2005. This will be an interesting listing to follow. My prediction is you will see it drop to $9.75 million sometime in January 2010 if not before.[Nick Hetherington]
• Yankees slugger Alex Rodriguez hasn’t had much luck selling off his mansion in Coral Gables. He just dropped the price from $14.9 million to $9.9 million. But he’s also said he’d be happy to rent it for $25,000 a month. [Real Deal]

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