11 Hurlingham Drive
Mr. Kupersmith, last heard from on these pages back in March, 2012 when his Martha’s Vineyard development was foreclosed on, has now lost his Conyers Farm residence at 2 Cowdray/ 11 Hurlingham Drive. The latter is scheduled to be sold at auction on August 25th, suggested bid $4.6 million, which is not a bad-looking price for 11 acres, 11,000 square feet of house in need of repair, horse stalls, pool, tennis court etc., This last sold in 1999 for $8,900,000 and was listed as recently as November, 2011, at $16,250,000. The fact that there are no interior shots in that 2011 listing suggests that the house needs a lot of work, but hey, it’s got Parkway and Central as its schools, so what else do you want for $4.6?
The auction description is here. It does a have a few pictures of the interior but they aren’t particularly enlightening. I’d go with the assumption that the place was built 27 years ago and in the past decade or so the owners have gone through divorce, economic disaster, bankruptcy, and endless litigation, so maintenance of this property was probably er, “deferred”. Bring your checkbook and your builder.
UPDATE: If you’re curious, the marriage notice for the unfortunate Mr. Kupersmith, 1991, is here.
Listing says Byram Hill schools (Armonk). Either over the NY line in Conyers, or inaccurate.
The GMLS listing says Parkway and Central.I’d guess the auction listing is inaccurate.
UPDATE: Greenwich school finder (link in right hand column of the blog) also says Parkway and Central.
Any idea of the debt held on this place? If its like a normal foreclosure auction the bank is going to bid up to this value anyway so they are usually a waste of time.
How did Corey go from this in 1991:
….to buying, owning, developing millions of dollars in properties? Where did the seed money come from. Or who did he bilk or con?
Aww come on, anyone and everyone was doing the same thing back then. Look at Chris Dodd’s and barney Frank’s friend, Angelo Mozilo at Countrywide Mortgage. Or Dickie Fuld, over at the late, unlamented Lehman. Kupersmith was small fry.
He didn’t con anybody but himself.
he sold his medical company.
How can you declare bancruptcy if your stated assets are equal to or greater than your stated debt?
https://www.pacermonitor.com/public/case/491476/Corey_Kupersmith
I saw that too. Knowing nothing about bankruptcy law, I’ll punt. Readers?
CF,
You can file for bankruptcy if you cannot meet your current obligations as they come due. Typically when assets > debt you are asset rich and cash poor or the “stated value” of your assets are more fiction than fact. Declaring bankruptcy provides a legal line of defense from the Visigoths who are owed money. Not uncommon to see this.
In the overhead photos of this property on Bing, there looks to be a GIANT cell tower right near the house. would it be for personal use? I can’t imagine verizon or at&t would get permission from conyers residents to build within the compound. anyone know what it is?
Can be seen in the photos of the property as well. Have any idea what that is, Chris?
It’s a cellphone tower. Even the mighty must bow to the tower siting commission. Unless, of course, they live in Cos Cob.
do the conyers farm residents get a share of the income derived from the tower? i know a few places, like convents etc, who want a tower, just for the fees they can charge the providers. they are money makers. of course, they kill your brain cells before you can spend the money. the tower would be the deal breaker for me, nice house or not.
While the behavior of drivers with cellphones in their ears suggests that they’ve suffered a massive loss of braincells, no scientific evidence exists to suggest that this phenomenon is cause by cellphone towers themselves.
I absolutely cannot believe they have a tower there. There wasn’t any opposition? Would think this would cause a huge controversy.
perhaps the cellphone tower could be re-imagined as a tree?
http://www.amusingplanet.com/2010/01/camouflaged-cell-phone-towers.html
Even 10 years of deferred maintenance might not be bad. Unless water seeped into the building or something drastic like that, most of the maintenance can easily be deferred. It does not take a builder to fix most of the stuff that is deferred.
Honestly most people do not live in picture perfect houses where everything is brand new.
but look very closely at the photos in this zillow link listing. the barn siding is in bad shape. the master bath windows and ceiling look moldy. the driveway is overgrown with weeds. the white fence and gates need a good coat of paint. not to mention the lack of good taste in any room of the house to begin with. i’d tear it down completely. it’s got bad juju.
And yet you also have a cell phone tower in your backyard.
All easy things to fix without spending a lot. If someone could get this spread for $4.6, they could laugh all the way to the bank and sell at a big profit when backcountry comes roaring back.
Has anyone in the history of Conyers ever sent their kids to public schools?
You don’t want to count the children of the stable boys and bootblacks, I suppose.
State mandated:
Planning (no Town Plan planning)
Forced neighborhood ruining busing
Section 8 housing dumped into neighborhoods
oh well….
CELLTOWERS !!!! in a park given to the Town (50% of which was sold at cozy less than 24 hour auction notice)
Just speculating, this may be toothpick in the eye cocktail party grass roots wake up time for landowners
It worked on The Vineyard…
Or ‘how ’bout “affordable” housing complex in Conyers…..?
Speculators to the rescue as in Cos Cob….
Who is bankrupt, this misguided dreamer at auction or the Town’s mindset ?
RPA/SWRPA just issued edict…high rise housing (affordable not adorable) near ALL TRAIN STATIONS taller than cell towers….
Not being sold for 4 mil.. suggested opening bid.
So – anyone know – did Kupersmith blast through his entire fortune of 110 mill. on that golf course dream? Is he personally bankrupt? What is he doing now? I hear he is a most loathsome individual.
Now now
But Tara is quite nice. And a stellar tri-athlete. They’ve been divorced since 2004 which proves she is also smart. If he pissed away his fortune he did so all on his own. I don’t know how she supports herself and the children unless she got a lump sum settlement from Corey before he went belly up.
I’m surprised no one noticed this: “Paramount Realty USA proudly presents a truly once in a lifetime opportunity to purchase a mansion with virtually every amenity, nestled in the world-renowned and ultra-exclusive enclave of Conyers Farm, a private gated community home to the infamous Greenwich Polo Club.” Obviously the writer had misused the word “infamous,” but how ironic is it that he in fact used the proper word. I remember watching one game in which the Greenwich team had one member who had gone to jail for tax fraud, and the other was banned from the sport of show jumping for the killing of his horses for their insurance money. How ironic that a Greenwich team was made of up characters that would make Kobe Bryant embarrassed to be associated with it.
A fe years ago I saw an ad for a New Jersey mobster-syle house that boasted of “an intimidating mahogany front entrance” – I assume the writer was trying for “imposing” but as you point out, there’s often inadvertent truth in advertising.