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21 Beekman Place
New York, NY 10022
Les Meyers with Compass, original listing -
$32,000,000
Conventional
Property
Bedroom
5
Bathroom
Full: 6
Property Type
Conventional
Square ft
7226 Square Feet
Property Description
Welcome to 21 Beekman Place, a rare and expertly restored residence nestled on the northeast corner of a quiet picturesque street in an iconic Midtown East locale. Once owned by the renowned landscape architect Ellen Biddle Shipman, who left an indelible mark on the home's design, it features the lush planting styles and formal gardens she was famous for. Set against the serene backdrop of the East River, this stately home provides breathtaking views from nearly every space, with exposures to the East, West, and South. Its coveted location once attracted legendary American composer Irving Berlin, adding to the area's storied past. Beaming with character and charm, the home immediately transports you back in time as you enter. It has been thoughtfully updated to preserve its original design, showcasing old-world details elevated with modern upgrades. Antique oak floors laid in a chevron pattern, a grand curved staircase, five wood-burning fireplaces, triple-pane windows, and an elevator all contribute to the home's grandeur. The sophisticated front library, adorned with antique pine paneling, a fireplace, a bay window, and two floor-to-ceiling windows, offers a perfect space for relaxation. The parlor level conservatory, bathed in light from three sides, seamlessly brings the outdoor serenity indoors with its tree-top views. The residence features a large, updated kitchen with a six-burner LeCornu range, twin SubZero refrigerators, and a center island. The primary bedroom is complete with bay windows, custom closets, and a marble bath, offering a luxurious private retreat. Outside, a high wrought-iron and copper-topped fence surrounds the plantings and facade, adding to the home's elegance. Two terraces and a rooftop garden provide extensive space for al fresco living. Plus, the basement allows for ample storage and the opportunity to renovate into a home gym, office, or more tailored to your needs. This country home, tucked away from the city s hustle and bustle, is a rare gem on an elegant and timeless Manhattan street.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
21 Beekman Place
City
New York
State
NY
Zip Code
10022
County
NEW YORK (LOWER MANHATTAN)
Listing
Provider
Name
Phone
(917) 375-1640
Office Name
Office Phone
Agent Name
Les Meyers
Agency Phone
(646) 586-8268

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.