DSK: No Value Added When It Comes to Real Estate

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A brush with fame -- or infamy -- may have its place, but apparently it doesn't gain much in the way of real estate currency.

The price of the 6,800-square-foot Tribeca townhouse rented by former IMF head Dominique Strauss-Kahn for the duration of his state-mandated stay in New York year just dropped from $13.995 million to $12.5 million -- about an 11 percent cut.

Tenant Strauss-Kahn pretty much made a mad dash for the border once the charges against him of sexually assaulting a maid were dropped, returning the Franklin Street unit to the market either as a rental for $50,000 a month or a purchase.

Described in the listing as a "one of a kind 27-foot-wide townhouse on a beautiful cobblestone street in the heart of Tribeca," the unit recently underwent a top-to-bottom renovation by designer Leopoldo Rosati. And nary a mention of its recent infamous occupant.

Robert Dvorin of Town Real Estate is handling the sale.

See photos of the home here.

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