Art Scammer’s Mansion Hits The Market With An Insane Price Tag
The Art Of The Deal
[otw_shortcode_dropcap label=”A” font=”Bowlby One SC” color_class=”otw-black-text” background_color_class=”otw-no-background” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap]nother day, another multimillion-dollar property enters the New York City real estate market. But, there’s something special about this one.
63 East 82nd Street is the former home of the infamous art scammer Lawrence D. Salander. If you aren’t familiar with the “work” of Salander, it goes something like this: back in 2010, the prominent art dealer plead guilty to fraud for conducting a $120 million scheme in which he sold paintings he didn’t actually own. The list of duped clients even included tennis legend John McEnroe.
Salander paid $4.75 million for the six-story townhome in 2004, but after filing for bankruptcy in 2008, put the property back on the market. Despite having paid less than $5 million for it only four years prior, Salander listed it for $25 million. If you find it hard to believe that the home had appreciated in value five times over that period of time, you aren’t alone.
Even though $2.8 million(…ish) worth of renovations had been completed, 63 East 82nd eventually sold for only $13.9 million.
Now, it’s for sale again, and in similar fashion, the owners are swinging for the fences and asking $23.75 million.
So, what does that hefty price tag buy you on the Upper East Side? A 9,000-square foot turn-of-the-century stunner that’s been “masterfully conceived with the finest finishes, innovative systems, and luxurious amenities,” and “presents the ultimate in quality, elegance, innovation and style.” Swanky.
In case you were wondering, “no two bathrooms were designed alike,” if a home with 6.5 unique bathrooms is your thing. The townhouse boasts seven sunny bedrooms to go with all those bathrooms, as well as a “formal dining room, formal living room, library, and fifth-floor great room, the place is outfitted with an elevator, multiple butler kitchens, a gourmet kitchen, and 35 feet of landscaped garden.”
And as the adage goes, “location, location, location.” 63 East 82nd is located on a pleasant, tree-lined street in an area tagged by those in the know as “The Gold Coast”—between Madison and Park Avenues—and only a block from Central Park with convenient subway access. Then again, if you’re dropping nearly $25 million on a home, are you really the type that’ll submit themselves to the Great Unwashed on the 6 train?
Yep, it sounds like this place has just about everything, except, one assumes, artwork.
Needless to say, make sure you get a receipt.
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