Howell Raines Gets $3.5 M for Townhouse
Howell Raines.
Former New York Times executive editor Howell Raines--who was forced out of paper after the Jayson Blair debacle--is now getting out of the West Village, too (and, as far as we can tell, out of New York City entirely).
Mr. Raines recently sold his West 11th Street townhouse for $3.5 million, according to city deed-transfer records.
Mr. Raines--who purchased the house in 1996--has been renting it out for some time, while spending his days in his Pennsylvania country house.
Last May, actress Christina Applegate reportedly rented the 18-foot-wide townhouse while performing on Broadway.
Mr. Raines hadn't yet responded to an email asking about the sale, as of this posting.
- Michael Calderone
how much did he pay for it, and how couldhe afford a piece of new york real estate on a times reporter's salary?
Howell paid $950,000 for it in November 1996 to buy it from noted philanthropist Abigail E. Disney (yes of that *that* Disney family; she's Roy Disney's granddaughter) and her husband, Pierre N. Hauser II.
I've managed to save up roughly $70727 in my bank account, but I'm not sure if I should buy a house or not. Do you think the market is stable or do you think that home prices will decrease by a lot?
The first stage of a