Out and About: $25 million is a lot of money

Fully paneled dining room of mansion on Central Park West.

Only buyers can determine what a property is worth to them, so there’s no way for someone who isn’t a lender’s appraiser to decide with any level of certainty the value of the mansion on Central Park West.

Twenty-five feet wide in the mid 80s, the house retains many original details such as carved mahogany mantles, bay windows, coffered ceilings, paneled dining room, very high ceilings, impressively scaled main floor and stained glass windows evocative of Tiffany.  There are three exposures and four outdoor spaces.

Three of the five floors were renovated to various standards, including central air conditioning; the top two floors have been gutted, exposing pipes and opening up walls and ceilings. Continue reading

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