Top-selling Greenwich mansion sold for half the original price
January 04, 2019 - Connecticut
A home that had originally come on the market for $35 million two years ago sold at the tail end of 2018 for $17.5 million, making it the highest priced sale of 2018 in Greenwich, Connecticut, a commuter suburb about an hour from Manhattan.
Despite the discount, the home is still the priciest to have sold in Greenwich all year, reflecting the moribund market.
The WSJ reported that the sellers were Ara D. Cohen, co-founder of Manhattan-based hedge fund Knighthead Capital Management, and his wife, Hilary Bangash Cohen.
The couple purchased the property for about $10.5 million in 2010, according to Zillow. They completed construction of the house, which hadn’t been finished by the previous owner.
Roughly 17,000 square feet, the home sits on 5.34 acres and has a 2-story entry hall, a large living room with bronze french doors, a terrace spanning the rear of the house, a billiards room, a home theater, a wine cellar and a gym.
There are six bedrooms, including the master suite, which has two dressing rooms and two bathrooms.
Leslie McElwreath and Joseph Barbieri of Sotheby’s International Realty represented the sellers, while Robin Kencel of Compass represented the buyer.
The agents declined to comment on the identity of the buyer.
Source : Katherine Clarke - WSJ
blog, Estate of the Day