Trusts and Estates Book

East Village Guardianship Sale

CHALLENGE: The court-appointed legal guardian of a world-renowned Wall Street executive required special assistance in handling the sale of the executive’s East Village home. The transaction required sensitivity due to the fame of the owner. While the apartment was located in a very desirable location, it was in extreme disrepair and uninhabitable. In addition, during the process of the sale, the seller passed away. SOLUTION: Due to the Morrel Hirsch & Advisors team’s sterling reputation, the guardian entrusted us to work with absolute discretion and privacy. To prepare the property for sale and achieve the best price for the estate, we handled all the logistics, including kitchen and bathroom renovations, electrical work, leak damage repair, furniture staging, cleaning and more. Due to the Morrel Hirsch & Advisors team’s sterling reputation, the Guardian entrusted us to work with absolute discretion and privacy. To prepare the property for sale and achieve the best price for the Estate, we handled all the logistics, electrical work, repair of extensive water damage furniture staging, cleaning, and more. in the kitchen and bathroom, SOLUTION: Due to the Morrel Hirsch & Advisors team’s sterling reputation, the Guardian entrusted us to work with absolute discretion and privacy. To prepare the property for sale and achieve the best price for the Estate, we handled all the logistics, electrical work, repair of extensive water damage furniture staging, cleaning, and more. in the kitchen and bathroom, RESULT: The resulting sale set a new record for the building. We were able to find a cash buyer who was willing to accept the property in as-is condition, which prevented the estate from having to make costly repairs. Moreover, the entire transaction was conducted with the privacy and care the guardian expected and received . The guardian has since referred over a dozen clients to us. The resulting sale set a new record for the building. We were able to find a cash buyer who was willing to accept the property in as-is condition, which prevented the Estate from having to invest in more costly renovations. Moreover, the entire transaction was conducted with the privacy and care that the Guardian required. The Guardian has since referred over a dozen clients to us. RESULT: The resulting sale set a new record for the building. We were able to find a cash buyer who was willing to accept the property in as-is condition, which prevented the Estate from having to invest in more costly renovations. Moreover, the entire transaction was conducted with the privacy and care that the Guardian required. The Guardian has since referred over a dozen clients to us. The court-appointed legal Guardian of a world-renowned Wall Street executive needed specialized assistance in managing the sale of the executive's East Village home. Due to the owner's fame, the transaction necessitated discretion and sensitivity. Although the apartment was situated in a highly desirable location, it was in severe disrepair and uninhabitable. Adding to the challenge, the seller passed away during the sale process. CHALLENGE: The court-appointed legal Guardian of a world-renowned Wall Street executive needed specialized assistance in managing the sale of the executive's East Village home. Due to the owner's fame, the transaction necessitated discretion and sensitivity. Although the apartment was situated in a highly desirable location, it was in severe disrepair and uninhabitable. Adding to the challenge, the seller passed away during the sale process.

Penthouse | 5 Tudor City Place, New York | $6,750,000 | Sold by Morrel Hirsch & Advisors Photo: Penthouse | 5 Tudor City Place, New York | $6,750,000 | Sold by Morrel Hirsch & Advisors Photo: Penthouse | 5 Tudor City Place, New York | $6,750,000 | Sold by Morrel Hirsch & Advisors

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