Here’s a new one: This mansion’s got $2M worth of trees

The upstate New York property is listed for under $5M.

TRD WEEKEND EDITION /
Mar.March 31, 2018 11:04 AM

(Credit: Pixabay)

Some people renovate to increase their property value; others, like art dealer W. Graham Arader, plant $2 million worth of trees.

Arader bought the 6,000-square-foot mansion, which dates back to the 19th century and was formerly the home of actress Helen Hayes and Rosie O’Donnell, for around $6 million in 2005, according to Bloomberg. O’Donnell had recently renovated many of the interior spaces, so Arader focused his energy on landscaping the 1.2 acre estate about a 40-minute drive outside New York.

Why not a more fragrant kind of flora? Before he became an art dealer, Arader was a tree surgeon so his knowledge and enthusiasm for rare trees prompted him to order “60 to 70 trees that would be driven across the country by my nurseryman” every six months.

Non-native species he introduced include redwoods and sequoias, and, with them, he developed special irrigation methods, though he still lost a few trees.

“I’ve had about an 85 percent success rate,” he told Bloomberg — and spent a few million in the process.

But despite all the toil Arader put in over his 13 years in the house, he listed the property for under $5 million — a loss he’s willing to take to get the house sold fast — with Ellis Sotheby’s International Realty. [Bloomberg]Erin Hudson


Related Articles

arrow_forward_ios
These are the tallest towers underway in NYC

These are the tallest towers underway
in NYC

A new competition asks what would houses on Mars look like (Credit: Getty Images, Pixabay)

Architecture’s final frontier: Here’s what houses on Mars might look like

From left: Jed Wilder, Bess Freedman, Richard Grossman, Josh Sarnell and Adam Mahfouda (Credit: Emily Assiran) 

Agents to StreetEasy: The fee is too damn high

40 East 72nd Street (Credit: Google Maps)

Nightmare on E. 72nd Street raises question: Are small condos risky?

Jed Garfield of Leslie J. Garfield; Richard Grossman, president of Halstead Real Estate; Sarah Saltzberg, principal broker and CEO of Bohemia Realty Group; Douglas Elliman’s Howard Lorber

NYC brokers slam bias, promise action after Newsday exposé

The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, undercover probe finds

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

Stanford White

The great works and untimely death of New York architect Stanford White

arrow_forward_ios