In the case of the 112 Ocean Avenue, Amithyville NY - the actual address of the home has been changed as a result of the address becoming notorious. Randall Bell, a real estate economist, suggests that changing the address of a home that has been a scene of a horrific crime is a good idea however, you must be selective in your timing. Mr. Bell suggests that if you change the address too soon the media wil pick up on it and cause even more of a stir. The addresses that were the scene of the Nicole Brown/Ron Goldman murders, the LaBianca home that was the scene of Charlie Manson's massacre and the JonBenet Ramsey home which was the scene of her tragic murder have also been changed. Eventually, the LaBiana homes was torn down.
Another interesting avenue that is often the case with these stigmatized properties is that the fact is NOT hidden, the home is NOT torn down but repurposed. It would seem that businesses that are scenes of crime can actually overcome the stigma. The article does not suggest that the businesses profit but merely states that the businesses try and downplay the events that have happened. Take for instance the scene where Gianni Versace was gunned down. The location is a 1930's building was purchased in 2000 and turned into a member's only club and botique hotel. Sparks Steakhouse in Manhattan continues to operate even though it was the scene for a mob-hit in 1985.