Someone's finally made a bit of money on this place
/29 Alden Road, on our west side overlooking Greenwich Office Park, has sold for the improbable sum of $2.525 million, which should yield at least a small profit for the seller, who bought it at auction two years ago for $2.175. At one point: 2008, this property was listed for $6.495 million, but that price was almost certainly a ploy by then current, now foreclosed owner, "financial advisor" and gambling addict Russ Gerson to befuddle his creditors. The property was never worth even the $3.1 paid for it back in 2003, and probably not, in my opinion, what was paid for it today.
But the agents made money and, after all, isn't that what this is all about?