Unreal Estate! Does a Study by Any Other Name Smell as Sweet?

Last August, cardboard magnate Dennis Mehiel put his 10,350-square-foot duplex at East 95th Street’s Carhart Mansion on the market with the almighty Dolly Lenz for $35 million, even though he’d paid less than half that sum only three years earlier.

The listing didn’t last long.

It came off the market in October, resurfacing in late May with Brown Harris Stevens. There’s a new price ($34.9 million, a bargain!) and, this week, a new floor plan. Not...

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