« Price Cut at 465 13th Street Co-op of the Day: 670 Park Slope »
April 14, 2009
Last Week's Biggest Sales

1. PROSPECT HEIGHTS $4,378,475
On Prospect Park, Unit 8A GMAP (left)
A 3,258-square-foot, 4-bedroom unit in the Richard Meier-designed condo, according to StreetEasy. Entered into contract on 3/7/09; closed on 3/26/09; deed recorded on 4/8/09.
2. MIDWOOD $3,475,000
944 East 8th Street GMAP (right)
2,300-sf, single-family house, according to Property Shark. Transaction was an estate sale. Entered into contract on 6/19/08; closed on 2/19/09; deed recorded on 4/6/09.
3. DUMBO $2,475,000
One Main Street, Unit 10D GMAP
This 2,477-sf, 2-bedroom condo was listed for $2.6 million in late October, according to StreetEasy. Entered into contract on 1/6/09; closed on 3/12/09; deed recorded on 4/6/09.
4. PARK SLOPE $2,325,000
141 Lincoln Place GMAP
When this 3,516-sf, 2-family was a House of the Day in November, it was asking $2,595,000. The house last sold for $1.35 million in mid-2004, according to Property Shark. Entered into contract on 2/4/09; closed on 3/31/09; deed recorded on 4/10/09.
5. WILLIAMSBURG $1,683,000
502 Lorimer Street GMAP
This 3,840-sf two-family has a commercial unit on the ground floor, according to Property Shark. Entered into contract on 11/10/08; closed on 3/25/09; deed recorded on 4/7/09.
944 East 8th Street photo from Property Shark.
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Comments
The satellite dish on the Midwood house adds at least a million to the sale price.
Posted by: sam at April 14, 2009 11:40 AM
I'm still amazed with the price per square foot in midwood.
Posted by: Argyle Road at April 14, 2009 11:42 AM
Sam - u beat me to it
was gonna say, "Ok I will pay full price, but you have to throw in the dish"!
Posted by: gemini10 at April 14, 2009 11:42 AM
sam...think of the scrap value. I'd demand that it stayed.
Posted by: daveinbedstuy at April 14, 2009 11:43 AM
Oy Vey! I'm on the hunt for a rich hot Jew to marry so I can move from Fort Greene to Gravesend or Midwood & become the Chosen One. I'm also planning on become a JEWeler so I can use my ill-gotten gains to support my JAP wife
Posted by: PropJoe at April 14, 2009 11:44 AM
That's some dish boy, probably allows direct communication with the space shuttle. Not to mention access to Israeli soap operas.
Posted by: sam at April 14, 2009 11:45 AM
The price of Midwood house is unreal. Are people delusional, that they’ll pay that price?
Posted by: bayridgegirl at April 14, 2009 11:51 AM
I find it amazing that propjoe lurks constantly yet almost exclusively for the purpose of making anti-semitic remarks whenever a Midwood or Gravesend house come up. You really think you have an appreciative audience here for that crap, pj??
Interesting length of time to closing on that house, however, not to mention the 6 week delay in recording the deed. We'll never know it, but there is probably a story.
Posted by: slopefarm at April 14, 2009 11:52 AM
PrpJoe just wants somebody to pull him out of the ghetto. Anybody.
Posted by: daveinbedstuy at April 14, 2009 11:53 AM
Slopefarm,
I'm sure the lag between contract & closing has to do with the buyer wanting to make sure he was in the clear & free to continue running his Ponzi scheme/Crooked business. His boy, Maddoff took the heat off him
Posted by: PropJoe at April 14, 2009 11:57 AM
Is Midwood that hot? I honestly know very little of the area so no snark intended. Are those homes known for being rich with old details, etc to justify such a price?
Posted by: InsertSnappyNameHere at April 14, 2009 11:57 AM
Brownstoner - Can you check the dates on the Meier sale? From contract to closing to deed in less than one month? The street easy listing seems to show in contract in 2008.
Posted by: very bored at work at April 14, 2009 12:02 PM
propjoe is our resident anti-semite. sad.
Posted by: sam at April 14, 2009 12:08 PM
While yes....Lincoln Place did sell for a little bit under asking price, I'd like to note Miss Muffet's comment from when it was HOTD...Just goes to show that she's not really living in reality if you ask me:
"Corcoran has just started slashing prices on a number of brownstones. A prime limestone practically at the park was cut from 2.995 to 2.59. The HOTD from a few weeks back, on 8th Avenue, was cut from 2.595 to 2.29. Hundreds of thousands of dollars cut in a matter of days (too rushed now to get the links but I'd happily furnish them if you can't find). This trend will continue. These properties that were slashed were "prime" and this house is a bit less so if the owners care about public school (it's in District 13 and not the more desirable District 15). While the standard line is that folks buying these homes don't care about public school, that's changing with economic uncertainty. All to say, needs a price cut."
Posted by: 11217 at April 14, 2009 12:08 PM
Yes, pj, I imagine that is what you would be sure of. It's jews so it has to be about Madoff and money, right? No other possibility. Couldn't be, say, title issues, or a messy divorce, or a contested estate, etc? Do you read anything other than this site and the "Protocols"?
Snappy, brg, etc., we have been over this a bunch of times (sorry, did that sound irritated, I didn't mean it that way). The reason for the Midwood/Gravesend prices, and the reason propjoe makes anti-semitic remarks every time these houses pop up on this site, is because there is a steep premium in part of these neighborhoods paid by strictly observant jews who want to be walking distance to their schuls. It is a distinct market and says little about the rest of Brooklyn RE.
Posted by: slopefarm at April 14, 2009 12:10 PM
I think 2/3 of the Midwood price is proximity to "house of worship". Similar size and vintage properties in similar condition that are in the vicinity but out of the hotspots are currently asking around the $1m mark.
Posted by: the chicken at April 14, 2009 12:10 PM
$1,344 psf on the Meier pad...
Posted by: 11217 at April 14, 2009 12:13 PM
Proximity to a desirable synagogue dictated the price for the Midwood house.
Posted by: Gravis at April 14, 2009 12:13 PM
Ok. Now it makes more sense to me.
Posted by: InsertSnappyNameHere at April 14, 2009 12:14 PM
I know we mention this every time one of these very expensive properties is sold in Midwood and elsewhere but here goes again: These areas are the homes of Orthodox Jews who need to be within walking distance of the shul or synagogue to attend sabbath servies, their religious beliefs prohibit them from operating a car on the sabbath. Therefore houses in prime spots close to the temple sell for astronomical amounts. And are often tear-downs.
Their proces do not at all reflect the wider market. Though I suppose one can say the same thing about the Meier Building.
Posted by: sam at April 14, 2009 12:14 PM
sam, isn't the particular synagogue in this area *the* synagogue to be a member of? i thought i heard it was posh, or highly sought after for syrian orthodox? could be wrong.
Posted by: i disagree at April 14, 2009 12:18 PM
At least there is a reason for those prices if you consider that observant Jews need to be able to walk to shul on the Sabbath. so how dissimilar is that to overpaying to live in a tony Brooklyn neighborhood? How many times have we seen outrageous prices slapped on houses that need tons of work and are already overpriced just so you can live in Park Slope or Clinton Hill or any other trendy area?
Posted by: bxgrl at April 14, 2009 12:20 PM
If congrgants can pay four million dollar for a fairly ordinary house nearby, I would say, yes, that synagogue would be THE synagogue of choice.
Posted by: sam at April 14, 2009 12:22 PM
Yes, bxgrl, I overpaid for my rickety south slope frame so I could walk to Leopoldi's Hardware, the 9th Street Y, Toy Space and Puppet's Jazz Bar.
Posted by: slopefarm at April 14, 2009 12:24 PM
these ppties sold pretty well relative to their asking prices. Not extrapolating this to gen'l mkt cause I don't know if it's representative or not. Just on this batch, sale price is strong.
when is the "Last Week's WEAKEST / SMALLEST sales" coming out?
Posted by: more4less at April 14, 2009 12:25 PM
Missmufett is proven wrong again and again.
Posted by: sebb at April 14, 2009 12:38 PM
i dont want to sound all prop joe-ish but spending an absurd amount of money well into the millions to be able to walk to a religious thingie is outright insane. no wonder Earth humans are so behind in evolution. pure unadultared insanity! wouldnt it be cheaper to just build a religious place?! cheeze its on a cracker!
*rob*
Posted by: PitbullNYC at April 14, 2009 12:42 PM
A million dollar profit on that slope house in four and a half years ... not bad. :P
Posted by: cwbuecheler at April 14, 2009 12:45 PM
Only poor Mis Muffett could be accused of "not living in reality" by predicting a price cut and having the property sell at a 10% price cut.
Posted by: Ledbury at April 14, 2009 12:46 PM
Actually, the property never underwent a price cut as MM suggested.
The seller offered a price of 10% off asking price and got it.
If you go back and read the original thread, her assertion was basically that no one with a family would pay near this price because of its location outside the PS. 321 school district.
Apparently someone wanted it enough to pay nearly full price after only a couple months on the market.
Posted by: 11217 at April 14, 2009 12:51 PM
i would gladly pay 4 million dollars to live right next door to a gamestop.
*rob*
Posted by: PitbullNYC at April 14, 2009 12:52 PM
Sorry...meant to say the "BUYER" offered 10% off the listing price...
Posted by: 11217 at April 14, 2009 12:53 PM
The seller offered a price of 10% off asking price and got it.
This is pretty much semantics. Then that house yesterday that sold for 50% under ask didn't get a price chop either becuase they never relisted it for the lower price? (and yes the house probably went for peak comps so I'm not arguing it for a bearish sale, just using it to illustrate the semantics point.)
Posted by: Ledbury at April 14, 2009 1:02 PM
Let's let MM speak for herself and see if she thinks the house sold for more than she thought it would...or less...
You are right though Ledbury...it is probably semantics, I just like to keep MM on her toes... ;-)
Posted by: 11217 at April 14, 2009 1:06 PM
who wants to build a synagogue in red hook ??
Posted by: bklyn14 at April 14, 2009 1:11 PM
More to the point: Miss Muffet predicts houses on prime Park Slope blocks now selling for $3 to $4 million will fall to $1 million to $1.3 million, at which point she will buy.
Posted by: mopar at April 14, 2009 1:24 PM
And even MORE to the point...MM will not expand her search to areas where houses do actually sell for 1 million to 1.3 million, she is willing to wait indefinitely until that 4000 sf mansion on Garfield and 8th Avenue drops to her price point.
Posted by: 11217 at April 14, 2009 1:28 PM
for that mansion, I'll offer 1.35M
Posted by: more4less at April 14, 2009 1:37 PM
some of you spend way too much time thinking about miss muffett.
Posted by: z at April 14, 2009 1:42 PM
I think we're just havin' a little fun.
MM can take it. She's a tough bird.
Posted by: 11217 at April 14, 2009 1:47 PM
Mopar and 11217 are putting words in my mouth that I never said. I'm absolutely not looking for a 3-4 million house to sell for 1 million - we never looked seriously at those kinds of houses to begin with. I actually *prefer* a small, modest home (less carbon footprint and my preference is for simple finishes). Also, I predicted a price cut for Lincoln and it got one, so how am I wrong?
I have admitted here that no one can predict the exact size of the percentage drops in NYC RE but everyone agrees that more price cuts are coming, and that's exactly what's happening. Also, as today's 13th St house shows (had its price cut twice already, and now group is appraising at 1.3 mil) or yesterday's HOTD shows, houses in prime PS (at least prime enough for us) are dropping to the 1.5 range, if not below. Indeed, some people just enjoy twising other people's words/perspectives, which I find bizarre.
Posted by: Miss Muffett at April 14, 2009 1:48 PM
I get the "premium" for being in the neighborhood with the synagogue.... but $3.5 million sounds more like money laundering than paying a premium.
That is a $1 million house (to be generous)... the other $2.5 million is not a premium to be close to the awesome schul, no way. That is 2.5 million freshly laundered dollars.
You can't convince me otherwise. (OK, maybe you could, but I doubt it.)
Posted by: tybur6 at April 14, 2009 1:50 PM
Hey, all I can say is that my comment on the original HOD thread was pretty spot on.
Posted by: lechacal at April 14, 2009 1:51 PM
tyburg, explain how buying a house can launder money?
If the money is already laundered why overpay on a house?
enlighten me.
Posted by: sam at April 14, 2009 1:56 PM
HAHA lechacal!
Posted by: 11217 at April 14, 2009 1:57 PM
MM....
I really wouldn't put too much stock in the brownstoner reader widget....someone has voted 1.39 million for today's HOTD listed at 995K.
Please don't start using the widget as a basis for factual information until we actually see some sales that line up with the guesstimates.
As for the comparison to the South Slope house, it sounds like most people are saying it needs massive amounts of work, in which case comparing it to the Lincoln Place house sounds a little far fetched.
You were correct. The house sold for a tad under asking price. Not 30, 40 or 50% though.
10%.
Posted by: 11217 at April 14, 2009 2:01 PM
11217 - fine, the widget isn't an exact science but my point is that this is a reflection of a group estimate - if you read comments on 13th st house, many are saying it should sell for under 1 mil precisely due to all the work required. If you don't like the widget - use another metric, or point to almost any news source. They all indicate the same thing (as you yourself concede): continuing price declines.
I am NOT comparing this to Lincoln (again, you are putting words in my mouth). Also, a smaller decline in price (and now, I am talking about Lincoln) at first is consistent with my predictions that declines will increase over time, as cash dries up. So while this house sold for 10% below ask, others will start to sell for a bigger % under ask (and/or suffer cuts in ask first). Let's talk next spring and see where things are at. In the meantime, please refrain from putting words in my mouth.
Posted by: Miss Muffett at April 14, 2009 2:12 PM
Sam... you buy a $800k house for $2.5mm -- the seller keeps $200k above cost ($1mm) as the fee and the other $1.5 million goes somewhere else.
http://money.howstuffworks.com/money-laundering.htm
Posted by: tybur6 at April 14, 2009 2:15 PM
My reaction to the Richard Meier OPP sale is: really?? I mean really really??? More than $4 million for a condo on the wrong side of GAP (meaning you have to play frogger to get to the Park)? Very close to the park and great subway access, but someone was really willing to spend a million dollars MORE than what it takes to buy a move-in ready prime park block limestone in North Slope? I have been willing to suspend disbelief for other closings that went into contract well before the meltdown, but this just defies logic. For this kind of price I think the buyer could have bought a similar place in a very desirable Manhattan location for about the same price or maybe less. And let's face it people - we all love Brooklyn and all, but no matter how much we cheerlead for our borough, cost of real estate Manhattan is still a lot more desirable to most people.
That's 4.4 million dollars. For a place that went into contract last month, when prices were already dropping hard in Manhattan and it was becoming clear that some of the best new condo developments in prime Manhattan were under significant price pressure.
So again: really? I mean really really??
Maybe this would make sense to me if I actually looked at one of the units. But unless one obtains instant...um...gratification from walking into one of these apartments, I just don't get it. Then again I don't have $4.5 million.
Posted by: lechacal at April 14, 2009 2:24 PM
And I mean "cost of real estate aside, Manhattan is still a lot more desirable to most people"
Posted by: lechacal at April 14, 2009 2:26 PM
Lechacal,
I have to assume that this unit (or one of the other astronomically priced ones) are the 2 units bought by Beyonce Knowles.
Would *maybe* make a little more sense.
I don't think it's a rumor anymore, since I've now heard it from a number of different sources...including someone who works intimately with this particular project.
Posted by: 11217 at April 14, 2009 2:30 PM
Well, way to negotiate, Beyonce. Maybe this is why so many celebs can't manage to hold on to their money (eg Mike Tyson spends a lot of time broke). Madonna just dropped $40 million on a UES rowhouse (though she seems to keep her money pretty well). I guess Sting bought one of the prime units in 15 CPW, and he's done pretty well for himself... I just figure if I were Beyonce (or her agent) my conversation with the developer would go something like this:
Posted by: lechacal at April 14, 2009 3:00 PM
tyburg, that makes no sense.
the more you pay for a house, in terms of your recorded deed, the more you have to pay in taxes and the higher your assessed valuation for tax purposes. Sometimes, close-knit communities will do the opposite, they will "sell" million dollar houses to each other and record the sale as say, $250,000 -the rest of the money changes hands under the table. I first saw that being done in Nantucket by the locals. It was an insider thing, outsiders could not touch it.
But paying more for a house....even if the money does not really change hands, I don't see the upside, just more taxes and fees.
Posted by: sam at April 14, 2009 3:00 PM
Madonna buys $40 million townhouse
I guess homes due have value. You renters are beat.
Madonna buys a $40 million townhouse on East 81st StreetMadonna has purchased a $40 million townhouse on 81st Street on the Upper East Side. The four-story townhouse has 12,000 square feet of living space and a 3,000-square-foot garden. The home has 13 bedrooms, 14 baths, nine fireplaces, an elevator, wine cellar and a parking garage. Sotheby's International Realty's Louise Beit had the listing.
Posted by: sebb at April 14, 2009 3:02 PM
my post got cut off/posted prematurely: so anyway, if I were Beyonce the message would be something like this:
"The economy is in the shitter and new condo developments are suffering all over the city. You are trying to unload a bunch of incredibly expensive apartments way out in Brooklyn somewhere. We both know that if I move in your building will have instant star power and you will make a lot more money on the remaining units and they will sell a lot faster. I'll be generous and agree to pay you 25% of your asking price on your best unit. You will never again have an offer that will make you this much money this fast just for taking a couple million hit on a single unit. You have 90 seconds to think about it before I walk out the door."
Posted by: lechacal at April 14, 2009 3:04 PM
Yes, but as I mentioned in the open thread, it is walking distance to Madonna's shul.
Posted by: sam at April 14, 2009 3:05 PM
Sebb, as usual your thought process is incomplete and confused. How does Madonna's purchase equate to renters being "beat?" Connect the dots for us (and for yourself). I could buy an apartment today for probably about $200k to $300k less than what I would have spent if I had bought in September 2007 (when I sold and decided to start renting). Now Madonna just bought a $40 million property. How exactly does that affect my bottom line?
Posted by: lechacal at April 14, 2009 3:19 PM
Umm... Sam... the Nantucket example, yeah, that's for people trying to avoid fees and save money and hide cash. Money laundering is not *hiding* cash, it's the exact opposite.
Money Laundering is a way to get cash, gobs and gobs of it, into "legitimate" revenue streams. After the sale, the seller has $2.5 million of legitimate money produced from the sale of the property. He can now do whatever he wants with it and not be associated with the original activity that produced the money in the first place.
Or, do you not think that these radically insulated communities are immune from organized crime? Drugs, diamonds, etc.
By the way, don't get me started on taxes... a house in Park Slope that sold for $400k five years ago and then sells for $1.5 million today will see almost NO tax increase. They will still pay some absurdly low rate while all new construction and "conversions" are raped. The schools, roads and police are supported on the backs of the middle class. The rich, single-family home owners pay nothing compared to the "value" of their homes.
Long story short, I still don't buy that anyone is paying a $2.5 million "premium" to live next to the synagogue. 30% premium, sure. Not 300%.
Posted by: tybur6 at April 14, 2009 3:24 PM
miss muffett: in the original HOTD thread you compared lincoln to two other homes that had been "slashed" more than 10%, and said this house was less prime than those. clearly implying that you expected a bigger price cut on this place. 11217 makes a fair point.
it's also relatively recently that you've started to revise your predictions from "immediate, devastating price drops" to "small, successive declines cumulating in big drops by spring 2010" in order to claim that the market is "consistent" with those predictions. don't get me wrong, i think small successive declines is undoubtedly where we've been and will continue to go. my point is just that people probably wouldn't be so tempted to put words in your mouth if you weren't constantly revising the history of what you said.
Posted by: i disagree at April 14, 2009 3:33 PM
and, tybur6, your theory makes no sense. the sellers are usually old-school from the neighborhood, and NOT members of the radically insulated communities (which the buyers are). most of these neighborhood folks, i'm willing to bet, would be far too conservative to exchange their home and and probably sole asset, for $200K and a potential RICO indictment.
Posted by: i disagree at April 14, 2009 3:38 PM
tyburg, these houses have been worth a lot of money for a long time. It was not just a run up since 2002. In fact, in the 1990's many top-notch architects like Robert Stern and Charles Gwathmey design super-expensive houses in Midwood and further down Ocean Parkway. Many of them were published in Architecture Magazine. And I would say: huh? this house is in Brooklyn?? So it may be somewhat a gimmick but if so it is a long-running gimmick.
Posted by: sam at April 14, 2009 3:48 PM
I understand tyburg's theory about selling at an inflated price to launder money, but I don't think it would work in a home sale. The person receiving the money would just be getting a bunch of dirty money, right?
Posted by: dirty_hipster at April 14, 2009 4:03 PM
yeah, that too. with the possibility of having to forfeit all of it.
Posted by: i disagree at April 14, 2009 4:06 PM
So... I looked it up. This delightful Midwood property has a $8,041 (before deductions) annual tax bill.
This is "based," in part, on a $2.47 million market value. Since it just sold for $3.45 million -- then the market value is 40% higher than assessed?
Will the tax bill go up to $11,250?? Probably not, eh?
(By the way, I am disappointed folks didn't like my money laundering theory... I thought I was on to something. It was actually an attempt to be generous to the buyers. The alternative, which is probably the truth, is that they are just a bunch of twats that are paying 300% more than a similar house 5 block away.)
Posted by: tybur6 at April 14, 2009 4:33 PM
t6, not a bad call. DH, you don't get it. The person receiving the money has clean money. He wants to open a bank account, the banker says 'where'd you get the money?' He says, here it is, proceeds of a home sale. He wants to buy a business, say a restaurant. Or maybe a nice coop on CPW. He can pass the board cuz he can show the money came from a legit home sale.
Posted by: denton at April 14, 2009 4:43 PM
i disagree - please find a quote of mine where I predicted "immediate, devastating price drops" - if no such quote exists, you too are putting words in my mouth.
Posted by: Miss Muffett at April 14, 2009 5:03 PM
cute. i was characterizing your position, not quoting you, as i think you're probably smart enough to realize.
Posted by: i disagree at April 14, 2009 5:42 PM
Oops, I meant Miss Muffet has said that brownstones currently selling for $2 million to $4 million will fall to $1 million to $2 million, and she will buy something for about $1 million to $1.3 million.
Posted by: mopar at April 14, 2009 6:12 PM
lechacal: what i have said over and over is there is plenty of value in NYC real estate at the prices we are at in 2009. There is no need for a drop to occur in order to justify prices. Like i said renters are beat.
Posted by: sebb at April 14, 2009 7:56 PM
Yet another unit from the Meier building that tops the list. How can this be? After all, so many of the real estate genuises on brownstoner predicted nothing but doom and glood for this building. How could so many people be so wrong?
For the millionth time, Beyonce did NOT purchase a unit in this building. Pure rumor, folks.
Posted by: Big Jugs at April 14, 2009 8:26 PM
Since we're digging up old quotes, here's another morsel: the HOTD I quoted in original thread (the 8th avenue one) that had its price cut from 2.595 to 2.95 is now asking 1.9 and sitting and sitting.
Posted by: Miss Muffett at April 14, 2009 8:51 PM
Sebb: oh really? That isn't all you have said. You called me all kinds of names when I told people in the fall that they should not buy and that prices would start falling. I was right, and you were wrong: prices have fallen substantially since then. People who listened to me have saved lots of money. People who listened to you are underwater. Do you really think you have any credibility left? There are plenty of intelligent and thoughful homeowners on this board who have more optimistic views of the market than I do, and I respect them and their views. You on the other hand have contributed nothing to the price debate but repeating your insecurities and insulting those who have chosen not to become homeowners.
Posted by: lechacal at April 14, 2009 8:51 PM
Jackal takes pawn. Checkmate.
Posted by: SnarkSlope at April 14, 2009 9:05 PM
Woops, typo above - meant to say 8th ave HOTD was cut from 2.595 to *2.29* and is now sitting at 1.9...
Lechacal - I think most (if not all) people on this blog are beyond taking sebb seriously, given how totally out-of-touch his posts are (not to mention grammatically indecipherable). I've stopped even responding to his posts. There is something very sad about him, although compassion can be harder to muster for such a blustery insulting person (I always picture him red-faced, with steam blowing from his ears as he sputters out his misspelled rants).
Posted by: Miss Muffett at April 14, 2009 9:07 PM
s o m e t i m e s
e v o l u t i o n
b a c k f i r e s
b a d l y
Posted by: SnarkSlope at April 14, 2009 9:12 PM
Not sure if anyone knows but most of these large houses owned by the Orthodox Jews are also hooked up with $100,000-$200,000 smart home technologies...I visited the house of an Orthodox Jew who showed me how everything works. As they are not supposed to be doing anything physicall during Shabatt, the homes are on full auto pilot and do everything from turn lights on and off to open and close window treatments. It was unreal!
Posted by: nybk01 at April 15, 2009 11:34 AM
Who is the idiot paying over $4M to live in that monstrosity?
I guess fools and their money are soon parted.
Posted by: Ppark at April 15, 2009 12:55 PM

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