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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJeffrey Epstein's $56 million mansion could become a real-estate nightmare
Jeffrey Epstein lived in whats reportedly one of the largest private homes in Manhattan, where he allegedly sexually abused underaged girls, an allegation so horrific, real-estate experts say people will go out of their way to avoid walking down the block.
Epstein has pleaded not guilty to the charges.
Epsteins seven-story, 21,000-square-foot Upper East Side home near Central Park is reportedly valued at $56 million, and if the home ever hits the market again, the stigma from the financiers alleged sex-trafficking scandal will likely diminish its worth.
After an event like this occurs, and the public becomes aware of it, all of a sudden the value drops significantly, real-estate appraiser Orell Anderson, who valued the homes where Nicole Brown Simpson and JonBenet Ramsey were murdered, told MarketWatch.
When tragedy or crime occurs at a home, it could take years before it ever sells, even if its a high profile residence.
One might find whats inside the mansion disturbing even without knowing the harrowing acts that occurred inside. The home is reportedly adorned with unsettling decor choices, like a female doll hanging from the chandelier, and a self-portrait Epstein reportedly commissioned of himself portrayed in a prison scene behind barbed wire in the middle of a corrections officer and a guard station, according to The New York Times. All of those adornments, of course, would be removed in lieu of any sale.
https://www.msn.com/en-us/news/other/jeffrey-epsteins-dollar56-million-mansion-could-become-a-real-estate-nightmare/ar-AAEekZk?li=BBnbcA1
PoliticAverse
(26,366 posts)jberryhill
(62,444 posts)Poor innocent Manhattan real estate brokers.
jberryhill
(62,444 posts)I wont even charge them to fix the door the cops broke.
Indykatie
(3,697 posts)I'm sure there's more to that story. Hopefully some investigative journalist will look deeper into the unusual relationship between Wexton and Epstein.
samplegirl
(11,502 posts)Not trying to be a smart ass just trying to help.