This is the year of the ridiculously massive, gloriously ambitious real estate listing.
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.
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.