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Tuesday, September 6, 2011

A chance to own 1% of the finest Italianate Victorian Home in America - with views of the Hudson River and a swimming pool.

About 7 years ago, in a fit of passion our family paid $5,950,000 for a magnificent home on the Hudson River.  It was Helen Hayes' home for 61 years and was in very good condition.  

Since then $1,000,000 has been spent on a collection of conifers and Japanese Cutleaf Maples.

My wife loves our home in New York and does not want to live in Nyack about thirty-five minutes from the city.  So we have stayed there only 6 nights in 7 years!!!

Like most real estate the house is now worth about 25% less than I paid for it or $4,500,000.

It would kill me to sell the house and so 1% shares are now available for $45,000 or you can makes gifts totaling $60,000 to my favorite charities.  This gives you full use of the house to stay in whenever it is not in use up to 30 days a year and full use for the grounds for 365 days a year.  There is a very nice pool.    With this ownership you will be required to pay 1% of the overhead of running the house.  My guess is that overhead will be in the range of $300,000 a year.

You can see this house by going to the Pretty Penny Website - http://aradergalleries.net/prettypenny/

This is an insanely good deal.  It only takes 35 minutes to get there from Manhattan and the property is in mint condition!  If you would like a personal tour, please let me know.

Graham Arader

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