📄 Extracted Text (662 words)
To: jeeyacation©gmail.com[[email protected]]; Jeffrey Epstein[[email protected]]
From: Gold, Steven
Sent: Tue 4/9/2013 11:20:31 PM
Subject: RE: 484 Greenwich St., follow up
There is no mansion tax. Mansion tax is usually paid for by buyer, but since this is a commercially zoned
property, there is no mansion tax.
steve gold
vice president
douglas elliman real estate
26 west 17th street
7th floor
new york, ny 10011
My Listings I www.elliman.com/sgoli
From: Jeffrey Epstein [mailto:[email protected]]
Sent: Tuesday, April 09, 2013 7:20 PM
To: Gold, Steven
Subject: Re: 484 Greenwich St., follow up
who pays mansion tax? if any?
On Tuc, Apr 9, 2013 at 7:09 PM, Gold, Steven <steven.goldaelliman.com> wrote:
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Mr. Epstein,
I have tried to reach the owner but he is travelling, so I will get you a rough estimate of expenses and
recent CapEx tomorrow, along with a blank copy of a contract.
As for closing costs, I cannot provide legal advice, but I asked an attorney for a rough estimate, which is
below:
Presuming $11,000,000 purchase price, no financing, general costs could be approximated as
follows:
Owner's Title Insurance (about 0.4%-0.5% of purchase price) = $44,000-$55,000 (this estimate
may be on the high end, but I'd rather be conservative).
Municipal searches, recording fees = $1,500.
Buyer's Attorney Fees = $10,000 (controlled by Buyer)
Buyer's Due Diligence / Property Inspections = $5,000 (controlled by Buyer; Phase I surveys will
likely not be needed since no financing).
Buyer's cost of inspection of financial information/performance = if needed (controlled by Buyer)
Buyer's cost of tax planning with personal CPA = as needed (controlled by Buyer)
If Buyer is setting up a Corp. or LLC to serve as buying agency (recommended) = about $2,000 -
$3,000, depending on entity and publication.
Say around $75,000 to $85,000.
Hope this helps and I will be back in touch tomorrow. Thanks.
Best,
Steve
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steve gold
vice president
douglas elliman real estate
26 west 17th street
7th floor
new york, ny 10011
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0
fl
My Listings I www.elliman.cornisgold
From: Jeffrey Epstein [mailto:jeevacationecimailsCOM]
Sent: Tuesday, April 09, 2013 4:29 PM
To: Gold, Steven
Subject: Re: 484 Greenwich St., follow up
What Are the closing costs All in ? Send me a blank contract do that I may review your terms
On Saturday, April 6, 2013, Gold, Steven wrote:
Dear Mr. Epstein,
Thank you very much for your offer. I spoke the owner today in length and while he feels the
offer is low, he is still considering a counter. He asked for another evening to consider. I will be
back in touch tomorrow with a response. Thank you for your patience and I hope we can come to
terms on this amazing property.
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Thanks again and have a nice evening.
Best,
Steve
steve gold
vice president
douglas elliman real estate
26 west 17th street
7th floor
new york, ny 10011
My Listings j www.elliman.com/sgold
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