NY Daily News
While people are pointing at Manhattan, the Hamptons and Greenwich, Conn., as wealthy communities facing foreclosure, no one really seems to want to capitalize on paying less for homes put on the block by the IRS or banks that now own these properties. At a front-step live auction held in Greenwich last week, only one bidder showed up. He got the property for the asking price of $2.5 million, $200,000 more than was paid for the 7,000-square-foot mansion in 1999.
Please Also See:
The Real Deal
... ket four years after listing it for $70 million. Outside the city, the price of Leona Helmsley's 40-acre estate in Greenwich, CT has been slashed from $125 million to $95 million.
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