$165,000.00 per month for a rat infested apartment

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    Dec 19, 2011 2:04 AM GMT
    http://money.cnn.com/video/pf/2011/12/13/pf_165000_apt_nyc.cnnmoney/?source=cnn_bin

    I couldn't figure out how to embed the video by itself.

    The video is describing this amazing historical apartment in NYC where presidents have slept, and how the owner has spent a fortune renovating it.

    At 1:39 they pan to a little cove with some sort of cabinet in it, and a rat walks in out of the back left corner behind the cabinet... classic.
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    Dec 19, 2011 3:17 AM GMT
    Alternate links to the story..

    http://money.cnn.com/galleries/2011/real_estate/1112/gallery.Manhattan-s-most-expensive-rental/index.html

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    Dec 19, 2011 3:32 AM GMT
    But that same family of rats has been poking out of that particular mousehole for 100s of years. One family. No other rat in the world can claim that. It's quite an apartment. And quite a rat. You know, George Washington's head lice slept there.

    So the owner spent $30 million according to the vid at the bubble height in 2007 and then a few million to renov & furnish. Vid claims worth between $45 & 55 million today. @45 the rate of return on the rental investment is about 4.4% or 3.6% @55 minus, of course, what I imagine must be some steep maintenance fees, taxes** and insurance.

    Were I to rent out the property I recently purchased, I'd be getting 11.4% before expenses. And still the other guy is doing financially at least 55 million times better. Life is both hard and unfair.

    Meanwhile, I'm not real convinced that's a rat. It doesn't show up at all on the small screen and when enlarged I was unable to capture a pic of it.

    http://www.theatlanticwire.com/business/2011/12/most-expensive-rental-new-york-city-costs-165000-month/45926/
    The place belongs to Esprit founder Jurgen Friedrich, according to the New York Post. He bought it for $25 million in 2007 but couldn't resell for
    $55 million, so he put it up for rent


    **A $50 million residental property in Florida would be taxed at about $950k/year. Could a New York owner explain the following from the Manhattan Property Tax office on this $55 million dollar home...

    http://nycprop.nyc.gov/nycproperty/statements/mvh/jsp/stmtassessmvh.jsp?statementId=168254042

    Market Value History
    Tax Year Market Value
    2011/12 1,684,989
    2010/11 1,453,303
    2009/10 1,181,703
    2008/09 888,889
    2007/08 1,053,189

    Taxable/Billable Assessed Value
    Assessed Value

    SUBJECT TO ADJUSTMENTS, YOUR 2011/12 TAXES WILL BE BASED ON 570,075
  • kuroshiro

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    Dec 19, 2011 3:34 AM GMT
    Did they edit it out? I don't see it 0_o;
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    Dec 19, 2011 3:37 AM GMT
    kuroshiro saidDid they edit it out? I don't see it 0_o;


    watch it on CNN site, the video is more clear. I saw it.
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    Dec 19, 2011 3:40 AM GMT
    Ahhh, you made me go back and look. It's much more clear on the cnn link.. but looking again, I think it's just a shadow from the camera equipment... oh well, it was funny to think it was a rat.
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    Dec 19, 2011 3:41 AM GMT
    This is why shouldn't drink and post at the same time. icon_lol.gif
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    Dec 19, 2011 3:43 AM GMT
    Ya, the first clue was that for $165,000/month, probably it's full service so someone might have noticed a rat.
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    Dec 19, 2011 3:52 AM GMT
    It is a shadow, no rat.
  • brendanmuscle...

    Posts: 593

    Dec 19, 2011 4:03 AM GMT
    Yes, it is definitely a shadow, and not a rat
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    Dec 19, 2011 4:11 AM GMT
    I'd have to get a 2nd job to afford that. icon_eek.gif
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    Dec 19, 2011 4:13 AM GMT
    I wouldn't be that surprised if it was a rat. Rodents and insect infestations are rampant in NYC. You can't really fight it when your neighbors aren't willing to. I spent a fortune getting rid of bugs and I've comitted rat genocide in my apartment many times. They are all gone now, but if I so much as open the window they scale the fucking building to get in. It's crazy.
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    Dec 19, 2011 4:14 AM GMT
    LOL! shadow...
  • josh995

    Posts: 157

    Dec 19, 2011 4:15 AM GMT
    That's not a rat, it's a shadow!!!!!

    But I don't like it...prefer the Central Park West apartment that just sold for $88,000,000.

    http://www.observer.com/2011/12/sandy-weills-holiday-miracle-buyer-to-pay-full-88-m/

  • josh995

    Posts: 157

    Dec 19, 2011 4:23 AM GMT
    No, this is my dream Manhattan apartment

    scaled.php?server=571&filename=134331nou
    scaled.php?server=413&filename=134334nou
    scaled.php?server=101&filename=134332nou

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    Dec 19, 2011 4:53 AM GMT
    josh995 saidNo, this is my dream Manhattan apartment

    scaled.php?server=571&filename=134331nou
    scaled.php?server=413&filename=134334nou
    scaled.php?server=101&filename=134332nou


    Damn I was gonna say if this is that rat-infested-devourer-of-my-life-savings-apartment then hell yeah it is worth it. LMAO!!! Jpjp. Haha icon_wink.gif
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    Dec 19, 2011 5:00 AM GMT
    That lady Is off her fucking rocker. That place is wayyy overpriced AND overstuffed. Like hey gurl I am not 47 I still need my space. LOL (IT‘S A JOKE!)
  • creature

    Posts: 5197

    Dec 19, 2011 5:05 AM GMT
    MuchMoreThanMuscle saidIf that is a rat well that rat certainly knows how to live it up! icon_cool.gif

    That apartment is spacious but it is not my type of living space. I'm into more modern and simplistic design.

    Like.....THIS !!


    beach-house-bathroom-design-ideas-700x48

    Check out this super swank kitchen! icon_smile.gif

    innovative-kitchen-design-ultra-modern-h


    I'll admit modern designs like this are eye-catching and I am impressed with the techniques employed, but I can't imagine living in a place like this. It seems so cold and sterile. There's no heart and warmth.
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    Dec 19, 2011 5:11 AM GMT
    josh995 saidNo, this is my dream Manhattan apartment

    scaled.php?server=571&filename=134331nou
    scaled.php?server=413&filename=134334nou
    scaled.php?server=101&filename=134332nou



    Whenever I see a place like that I always imagine someone that just killed their wife and is dragging her body down the hall with a blood trail icon_razz.gif
  • kuroshiro

    Posts: 786

    Dec 19, 2011 7:00 AM GMT
    MMTM: That bathroom! The bath is huge!
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    Dec 19, 2011 7:21 AM GMT
    adam228 said
    josh995 saidNo, this is my dream Manhattan apartment



    Whenever I see a place like that I always imagine someone that just killed their wife and is dragging her body down the hall with a blood trail icon_razz.gif



    OMG - I LOVE physical comedy!!!!!!
  • Posted by a hidden member.
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    Dec 19, 2011 7:43 AM GMT
    My eyes rolled
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    Dec 19, 2011 7:47 AM GMT
    Claystation saidMy eyes rolled


    If it was NYC apartment Classic I would do it, just so I can say I am paying way to much to live in an ok city.
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    Dec 19, 2011 8:03 AM GMT
    Chainers said
    Claystation saidMy eyes rolled


    If it was NYC apartment Classic I would do it, just so I can say I am paying way to much to live in an ok city.


    You would? blegh way too much money, even for bragging rights icon_neutral.gif
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    Dec 19, 2011 8:23 AM GMT
    Claystation said
    Chainers said
    Claystation saidMy eyes rolled


    If it was NYC apartment Classic I would do it, just so I can say I am paying way to much to live in an ok city.


    You would? blegh way too much money, even for bragging rights icon_neutral.gif


    Lol of course I wouldnt. I was trying to be funny and ignite a NYC based flame. I apparently didn't do it right.