Russian developer Janna Bullock, who is known for flipping high-end Manhattan properties, recently listed a 21-foot-wide Beaux Arts mansion on the market for $20 million, the Real Deal reports. The 16-room house on East 82nd Street was originally designed in 1903 by C.P.H Gilbert.

Janna Bullock and 14 E. 82nd Street

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The listing, which is handled by Nikki Field of Sotheby's International, still shows a $25 million asking price, but that's the 2007 price, according to Real Deal. Bullock reportedly turned down offers of $23 million and $24 million, and then took it off the market, the paper says.

 

 

Bullock reportedly recently sold a 13,000-square-foot, five-story townhouse on East 67th Street for $24.9 million after originally pricing it as high as $35 million.

 

Agents say these types of fluctuations are not unusual in Manhattan's rarified air. Luxist recently reported on a townhouse on East 82nd once owned by billionaire Ron Perelman that saw a price drop from $40 million in 2008 to $29.5 million in May.


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Author: Kevin Brass has covered the quirks and trends of the global property industry for many than 20 years, including regular features and analysis in the International Herald Tribune and the New York Times.

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