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The story is told of a rich man, who stood upon a hill, and with his hand swept across the land, boasting of all his riches there."See this here, from far and near, I own it free and clear." And satisfied none could boast more, entered his great house's door.
But the Lord who created that vast land, its bounty to be shared, with everyone that no hunger come, heard what was arrogantly said ."I gave thee more, not to hoard,great evil thou hast done.This night thy soul is required of thee." Truly wealth's best use is charity.
Wow,if only we all could live uptown!
I guess even the rhich have their problems??/
Wow,if only we all could live uptown!
I guess even the rich have their problems???
Real-estate rejections of the rich and famous
By Colleen Kane of CNBC
People think few doors are closed to the rich and famous. But for celebrities aspiring to buy co-op apartments in New York City, that isn't necessarily true.
Buying a cooperative apartment differs from buying a regular apartment or condo. In a co-op, the buyer's bid is subject to approval from the building's board of directors. Each candidate is bidding to become a shareholder, buying a membership in a cooperative. Consequently, new members are rigorously screened.
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Carol Levy, a broker specializing in high-end co-ops and condos for Carol E. Levy Real Estate in New York City, compiled a list of reasons for co-op board rejections. It includes common criteria that the boards consider, such as financial status, job history and bad credit. But there are more opaque factors such as lifestyle, which Levy said includes a "paparazzi-prone rock star" and a disruptive lifestyle. Even a poor interview — or "pet interview," a meeting with a potential neighbor's animal, required by some boards — can ruin a potential buyer's chances.
Even CEOs and a former U.S. president haven't been immune to a co-op board's scrutiny. Why are they rejected? While gossip-column speculation inevitably follows such rejection news, co-op boards don't specify their reasons, lest they be sued.
See who has been turned down from upscale residences.
Real-estate rejections of the rich and famous
Ronald Perelman
With a net worth of $12 billion, Ron Perelman is the 26th-richest American, but his fortune didn't guarantee the Revlon tycoon a place to live at 820 Fifth Ave. The same co-op board rejected Steve Wynn, chief executive of Wynn Resorts, and a $31 million bid in 2009 from developer Jeff Blau, president of Related Companies. Tommy Hilfiger made it past the board; he owned the apartment Perelman had his eye on, but never lived there. The buyer who eventually was approved was Kenneth Griffin, chief executive of Citadel Investment Group. Perelman has also been rejected from two other co-ops: 4 E. 66th St. and 834 Fifth Ave., the New York Observer reports.
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Real-estate rejections of the rich and famous
Calvin Klein
The dual-towered San Remo on Central Park West "has a reputation for lenient admissions standards" compared with the older-money co-ops to the East, according to "The Sky's the Limit: Passion and Property in Manhattan" by Steven Gaines. But famed fashion designer Calvin Klein did not make the cut. The co-op did, however, admit his fellow fashionista Donna Karan, according to the New York Observer.
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Real-estate rejections of the rich and famous
Madonna
She's one of the most powerful women in music, but the San Remo turned down Madonna’s co-op application, despite having housed other glamorous and sometimes controversial entertainers such as Marilyn Monroe, Rita Hayworth and Hedy Lamarr.
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Real-estate rejections of the rich and famous
Antonio Banderas and Melanie Griffith
Three blocks south of the San Remo on Central Park West is the Dakota, best known as John Lennon's last home and the site of his murder. But it's also famous for being home to numerous other entertainers and high-profile figures — and for rejecting some of them. Among the rejections are Hollywood couple Antonio Banderas and Melanie Griffith, Cher, Billy Joel, Carly Simon and Alex Rodriguez. More recently, the Dakota board has declined director Judd Apatow and actress Tea Leoni.
Real-estate rejections of the rich and famous
Rush Limbaugh
Talk-radio host Rush Limbaugh was one of several bidders turned down to buy an apartment at 322 E. 57th St., owned by Frank and Kathie Lee Gifford, according to an article in New York magazine. Also denied were entertainment lawyer Allen Grubman and David Feld, founder of Today's Man.
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Real-estate rejections of the rich and famous
Mariah Carey
When Barbra Streisand's triplex penthouse at The Ardsley on Central Park West went up for sale in 1999, fellow diva Mariah Carey put in a bid to buy it for $8 million. The co-op board sang a different tune. Carey instead bought a new condo downtown, according to the Observer.
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Real-estate rejections of the rich and famous
Barbra Streisand
That brings us to Babs herself. In the entertainment business a lot longer than Carey, she has a longer list of co-op board rebuffs. The co-op at 740 Park Ave. (pictured here), built by Jackie Kennedy Onassis' grandfather James T. Lee, and the future first lady’s onetime home, turned Streisand down, according to the Observer. She's in good company: Elizabeth Taylor also was rejected, along with Neil Sedaka and Barbara Walters.
According to an article in New York magazine a year after a pair of 1969 co-op rejections, Streisand was rejected by 1021 Park Ave. due to being "a flamboyant type" and by 1107 Fifth Ave. because she was likely to set up a recording studio.
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Real-estate rejections of the rich and famous
Sheikh Hamad bin Jassim bin Jaber Al-Thani
Earlier this year, Sheikh Hamad bin Jassim bin Jaber Al-Thani, the prime minister of Qatar, who is also the owner of Harrods, was turned down in an attempt to buy two apartments on Fifth Avenue belonging to the reclusive heiress Huguette Clark, who died last year, according to the New York Post. According to CNBC.com, Al-Thani would be a challenging tenant because he has diplomatic immunity, and enforcing payment if he had any financial troubles would be difficult.
He later was reported as a possible buyer of a nearly $100 million duplex penthouse at One57, the luxury apartment building and site of the crane left dangling by superstorm Sandy, and he eventually settled for a $47 million townhouse on the Upper East Side.
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Real-estate rejections of the rich and famous
Richard Nixon
The building at 19 E. 72nd St. is considered one of the most difficult buildings not on Park or Fifth avenues to get into, according to an article in the New York Observer, which quotes one anonymous top broker's insight: "You wouldn't bring in a rap singer into 19 E. 72nd Street — just as you wouldn't take 19 E. 72nd into some rap building. They're divergent cultures."
Richard Nixon appears to fall more into the "19 E. 72nd Street" category than a rapper. But in 1979 when he was looking to buy, the former president came with an entourage, not to mention notoriety after the Watergate scandal. The board initially approved him, then retracted approval when shareholders revolted, according to The New York Times.
After more house-hunting travails in New York City, the Nixons bought a home in Saddle River, N.J.



