11 Chieftans Rd
The estate of the late Wall Street analyst sold his home at 11 Chieftans for $2.550 million; he paid $4.650 for it in 2003. The Chieftans development is shaping up to be the most expensive flop in recent Greenwich real estate.
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Neither did the LP’s in his hedge fund…..
Chris, why has Chieftans fared so badly?
Having observed him from close quarters for a number of years, I thought he could speak and write beautifully and was very well compensated for it. And that’s about the size of it.
The guy clearly lived a modest life. He was the 30th partner of Morgan Stanley in the 1970s so he must have been pretty wealthy. He also rode the train to work, quite a drive from Chieftans.
Compare it to what you get for $2.5mm in Riverside
Why does Chieftans fare so badly? Too far from town?
The location close to HPN and Merritt make it a perfect get-a-way house, but locals know it’s the wrong side of town.
Here’s a pretty complete history of the Gimbel Estate
What makes it the “wrong” side of town?
It’s the wrong side of town if you live in a split level ranch shithole in nopo riverside and want feel better about it.
Don’t about the wrong side, maybe far side is a better description.
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