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When Deborah and Rafael Etzion negotiated a separation agreement in 2003 after 24 years of marriage, an appraiser valued a Brooklyn warehouse they owned at $6.5 million. Under the terms of the separation agreement, Ms. Etzion received $13 million and her soon-to-be-ex-husband received the Williamsburg warehouse and the land underneath it, as well as the title to several corporations the couple owned. Two and one-half years later, Mr. Etzion sold the warehouse for $84.6 million, more than 13 times its appraised value.
May 11, 2009 at 12:00 AM
1 minute read
Presented by BigVoodoo
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