GO
Loading...

Geithner, Facing Sluggish Market, Rents His NY Home

The real estate market's troubles are hitting close to home for Treasury Secretary Timothy Geithner.

Timothy Geithner
AP
Timothy Geithner

Real estate agents say Geithner recently rented out his Westchester County home after it didn't sell — even though he reduced the price to less than he paid.

Geithner put the five-bedroom Tudor near Larchmont on the market for $1.635 million in February.

Agents Scott Stiefvater of Stiefvater Real Estate and Debbie Meiliken of Keller Williams Realty say the house was rented for $7,500 a month on May 21, a few weeks after the asking price was dropped to $1.575 million.

Neither was directly involved in the rental. Treasury Department representatives didn't immediately return calls.

Contact Real Estate

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More*
  • Diana Olick serves as CNBC's real estate correspondent as well as the editor of the Realty Check section on CNBC.com.

Latest Special Reports

  • File photo: Participants at a hacking conference in Germany

    A series of high profile cyber attacks has created huge economic opportunity as businesses look to fend off future attacks.

  • Whether you're young and just getting started investing or moving closer to retirement, factoring in age will keep you ahead of the game.

  • Advisor-centric content with guest columns covering practice management, investment strategies and marketing/social media.