Skip Navigation
StreetEasy

Bear Stearns's Cayne Lists in New York

Started by 9d8b7988045e4953a882
almost 13 years ago
Posts: 236
Member since: May 2013
Discussion about
http://online.wsj.com/article/SB10001424127887324085304579011753073278332.html?mod=WSJ_3Up_RealEstate#project%3DSLIDESHOW08%26s%3DSB10001424127887324139404579012990117653168%26articleTabs%3Darticle "James Cayne, the longtime chief executive of Bear Stearns, the failed investment bank, is about to list a nearly 5,000-square-foot Park Avenue co-op in Manhattan for $14.95 million." "Mr. Cayne and his wife, Patricia, bought the apartment for $1.1 million in 1981, when Mr. Cayne was a rising star at Bear Stearns."
Response by jsw363
almost 13 years ago
Posts: 235
Member since: Dec 2008

Here's the link to 510 Park Avenue, 6A

http://streeteasy.com/nyc/sale/984846-coop-510-park-avenue-lenox-hill-new-york

Ignored comment. Unhide
Response by uwsbeagle
almost 13 years ago
Posts: 285
Member since: Feb 2012

It is ghastly. For those who like it, the added bonus is state-of-the-art 1970's technology; you too can pretend you were a rising Wall Street star back when the Dow was at 900.

Ignored comment. Unhide
Response by 9d8b7988045e4953a882
almost 13 years ago
Posts: 236
Member since: May 2013

If they had lived there for 2 out of the last 5 years, they would have been able to avoid paying capital gains tax on 500k, a tax savings of 75k. However, the article mentions that "the Caynes moved out years ago".

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Waldorf Astoria for sale
    38 Comments
  2. Hochul angling towards $5M+ pied a terre tax
    81 Comments
  3. ALDIs coming to Hells Kitchen
    9 Comments
  4. 23 west 116th street Manhattan
    33 Comments
  5. COMPLETE List of Land Lease Buidlings in Manhattan
    3 Comments