News of the offering was first reported by the blog RealEstalker. As you might expect, Business Insider has a slideshow with pictures of the house and grounds.
Interestingly, it’s a bit unclear when Pandit bought the house and what he paid for it. RealEstalker claims that Pandit and his wife acquired the house in May 1999 for $3,400,000. Blockshopper, however, indicates that public records show Pandit bought it in 2001 for $4,100,000.
Pandit’s asking price might be a bit steep: Zillow estimates the house is worth just $3,655,000.
Of course, Pandit may think that Zillow is underestimating the value of his property. It wouldn’t be the first time a Citigroup executive had refused to believe the market value of an asset was less than he had paid for it.
Follow John on Twitter. (Market and financial news, adventures in New York City, plus whatever is on his mind.) You can email him at email@example.com.
You can also be our friend on Facebook. Or subscribe to John's Facebook page.
Questions? Comments? Tips? Email us atNetNet@cnbc.comor send a text message to: 917-740-8477.
Call us at 201-735-4638.