Inherited property price by Nepali butler upturn in US

After a year of huge price chops in listings, some asking prices are now going up. According to a listing on Streeteasy.com, Ms. Lenz took over the listing of an apartment in the Dakota, on West 72nd Street, last Friday and immediately raised the listing price by 10%.

The apartment was part of the estate inherited by Indra B. Tamang, a Nepalese butler, who worked for many decades for a wealthy family in the Dakota. He was willed two apartments there by Ruth Ford, a former model and actress who died last year at the age of 98.

 

Although the asking price was cut repeatedly after it was listed in December 2009, to $4.5 million from $7.5 million, Ms. Lenz raised the asking price to $4.95 million when she listed it.

 

A few days earlier, the talk-show host Conan O'Brien was reported to have found a buyer for a sprawling duplex at the Majestic, a co-op across the street from the Dakota, at or close to the $29.5 million sale price.