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To: Jeffrey Epsteinueevacationftmail.com]
From: Gold, Steven
Sent Tue 4/9/2013 11:09:14 PM
Subject RE:
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.
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Best,
Steve
steve gold
vice president
douglas elliman real estate
26 west 17th street
7th floor
new york, ny 10011
My Listings I www,elliman,com/sgold
From: Jeffrey Epstein [mailto:[email protected]]
Sent: Tuesday, April 09, 2013 4:29 PM
To: Gold, Steven
Subject: Re: 484 Greenwich St., follow up
What Arc 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
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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.
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, fly 10011
ci 203.249.7532
ol 212.321.7152
I] 212.813.5282
My Listings www.elliman.cornisgold
The information contained in this communication is
confidential, may be attorney-client privileged, may
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constitute inside information, and is intended only for
the use of the addressee. It is the property of
Jeffrey Epstein
Unauthorized use, disclosure or copying of this
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and may be unlawful. If you have received this
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