"I visited the house as a prospective purchaser and can attest that the ceilings are in fact a little crumbly. I think you could stabilize it and make it attractive and servicable for about $12MM and if you wanted to do a "fancy" renovation..it could stretch to $18MM to $20MM on top of the purchase price. So add that to the purchase price and you will have at least $30MM to $40MM in costs in the house when you are done."?anon [Upper West Side Mansion Finally Sells After Years of Price Cuts]
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