Is it true that this was purchased for $1.4 million in 2003??? How can that be?? http://www.nytimes.com/2010/10/12/nyregion/12appraisal.html In Real Life, No Price Cut In April, The Appraisal paid a visit to the bachelor pad that plays a starring role in the sequel “Wall Street: Money Never Sleeps.” At the time, the apartment’s real-life investment banker was planning to put it on the market,... [more]
Is it true that this was purchased for $1.4 million in 2003??? How can that be??
http://www.nytimes.com/2010/10/12/nyregion/12appraisal.html
In Real Life, No Price Cut
In April, The Appraisal paid a visit to the bachelor pad that plays a starring role in the sequel “Wall Street: Money Never Sleeps.” At the time, the apartment’s real-life investment banker was planning to put it on the market, taking advantage of the exposure.
In the movie, recently released, the owner of the apartment, played by Shia LaBeouf, has to take a 25 percent haircut on the $6 million apartment he bought, selling it during the downturn for $4.5 million.
But the seller of the actual penthouse at 31 West 21st Street, an investment banker named Richard Weissman, doesn’t plan to accept any such cut, according to Arthur Gallego, a spokesman for Aligned Real Estate, which officially put the apartment on the market in the summer. Mr. Weissman still hasn’t lowered its $15 million asking price. This is the third time he has tried to sell the property, according to StreetEasy.com; he bought it for $1.4 million in 2003.
Mr. Gallego said the apartment in the movie was much smaller than the real apartment.
“In the film’s fictional setting, Shia LaBeouf’s apartment is actually staged as a one-bedroom, with a large chunk of the real 6,250-square-foot, four-bedroom duplex loft’s space walled-off.”
The penthouse has two offers from buyers who had seen it in the movie, he said, that are “well above the make-believe movie price of a $6 million one-bedroom.”
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