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	<title>Observer &#187; Sacrebleu! DSK Townhouse Price Falls Again </title>
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		<title>Observer &#187; Sacrebleu! DSK Townhouse Price Falls Again </title>
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		<title>Sacrebleu! DSK Townhouse Price Falls Again</title>

		<comments>http://observer.com/2012/01/sacrebleu-dsk-townhouse-price-falls-again/#comments</comments>
		<pubDate>Wed, 18 Jan 2012 16:05:00 -0400</pubDate>
					<link>http://observer.com/2012/01/sacrebleu-dsk-townhouse-price-falls-again/</link>
			<dc:creator>Elise Knutsen</dc:creator>
				
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		<description><![CDATA[<p>Apparently international politicos in search of a townhouse for house arrest are in short supply these days. Though brokers had hoped to <a href="http://www.observer.com/2011/09/dominique-strauss-kahn-way-overpaid-for-his-tribeca-townhouse/">use the tabloid attention to help sell 153 Franklin Street</a>, the strategy has so far failed.</p>
<p>The now-infamous Tribeca townhouse, originally listed in 2009 for $14.995 million, has seen <a href="http://www.observer.com/2011/10/dominique-strauss-kahns-tribeca-lock-up-as-desperate-for-buyers-as-he-is-lovers-takes-1-5-m-price-cut/">its price knocked down $1.5 million once before</a>, and now it has tumbled that far yet again, as desperate for a sale as its previous occupant was for sex.<!--more--></p>
<p><a href="http://online.wsj.com/article/SB10001424052970204468004577166894251790930.html?mod=WSJ_NY_RealEstate_LEFTTopStories">The DSK townhouse can now be your, ignominy and all, for $11.95 million</a>, the <em>Wall Street Journal</em> reports. The broker, Robert Dvorin of Town Residential claims the property hasn't yet sold because of it's singular design, the result of a recent renovation.</p>
<blockquote><p>"It is a one-of-a-kind home—I would call it a work of art," he said. "It  isn't your cookie-cutter home, and people feel they have to like  everything about it. "</p></blockquote>
<p>As it stands now, the current owner may lose money on the deal. Michael Marvisi, a developer and landlord, paid $6.79 million for the property back in 2008, but promptly gave it a $4 million facelift.</p>
<p><em>knutsen@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p>Apparently international politicos in search of a townhouse for house arrest are in short supply these days. Though brokers had hoped to <a href="http://www.observer.com/2011/09/dominique-strauss-kahn-way-overpaid-for-his-tribeca-townhouse/">use the tabloid attention to help sell 153 Franklin Street</a>, the strategy has so far failed.</p>
<p>The now-infamous Tribeca townhouse, originally listed in 2009 for $14.995 million, has seen <a href="http://www.observer.com/2011/10/dominique-strauss-kahns-tribeca-lock-up-as-desperate-for-buyers-as-he-is-lovers-takes-1-5-m-price-cut/">its price knocked down $1.5 million once before</a>, and now it has tumbled that far yet again, as desperate for a sale as its previous occupant was for sex.<!--more--></p>
<p><a href="http://online.wsj.com/article/SB10001424052970204468004577166894251790930.html?mod=WSJ_NY_RealEstate_LEFTTopStories">The DSK townhouse can now be your, ignominy and all, for $11.95 million</a>, the <em>Wall Street Journal</em> reports. The broker, Robert Dvorin of Town Residential claims the property hasn't yet sold because of it's singular design, the result of a recent renovation.</p>
<blockquote><p>"It is a one-of-a-kind home—I would call it a work of art," he said. "It  isn't your cookie-cutter home, and people feel they have to like  everything about it. "</p></blockquote>
<p>As it stands now, the current owner may lose money on the deal. Michael Marvisi, a developer and landlord, paid $6.79 million for the property back in 2008, but promptly gave it a $4 million facelift.</p>
<p><em>knutsen@observer.com</em></p>
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