Gutted foreclosure transformed into $1.48M Manhattan pied-à-terre

Key facts

• A gutted foreclosure was purchased for $755,000.
• The property was renovated into a pied-à-terre.
• The renovated property is now valued at $1.48 million.
• The pied-à-terre overlooks Manhattan's Bryant Park.

A husband's "distraction technique" reportedly transformed a $755,000 gutted foreclosure into a $1.48 million pied-à-terre. The property now overlooks Manhattan's Bryant Park.

The transformation involved turning the foreclosed property into a desirable residence, significantly increasing its value.