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Bob Vila loses money on NYC property

  • December 05, 2012

Bob Vila loses money on NYC property

Bob Vila is well known for his home improvement shows and seems to have developed an interest in properties in New York City in recent years. The New York Observer recently reported that Vila and his wife have sold a condo near Madison Square Park, which they had purchased in 2009 for over $6 million.

The news source reports that Vila did not give the property a face-lift as it was "move-in ready," according to The New York Times. The home improvement kingpin ended up selling the condo for approximately $5 million, after dropping the asking price multiple times over the last two years.

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