The good news is that the fixer-upper mansion has good bone.  The bad news is that is has been operating as a funeral home!

New York Magazine takes a tour video tour of the former home of Barnum & Bailey Circus co-founder James Bailey located at 10 St. Nicholas Place in Harlem, .  The price of the 8,250-square-foot home has just been reduced to $3.5 million down from the original price was $6.5 million when it went on the market in May.  

Walk-through: The Bailey House Posted to New York Magazine by jgreen on June 24, 2009 Click to Play | View Details