Home News Manhattan Townhouse Market’s Hot Streak Continues With $57 Million Deal

Manhattan Townhouse Market’s Hot Streak Continues With $57 Million Deal

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A historic townhouse on Manhattan’s Upper East Side has sold for approximately $57 million in an off-market transaction, according to the agents involved in the sale. The deal, which includes home furnishings, is the latest in a series of major townhouse sales in New York City.

According to property records, the seller of the 22-foot-wide townhouse was an association associated with Felice Lasalvia di Clemente, a former executive in the Italian organic grocery industry. The entity paid the townhouse $16 million in 2012, records show. Di Clemente could not be reached for comment.

The South African-based buyer hails from the financial sector, according to people familiar with the matter.

Serhant’s Loy Carlos, who represented the seller along with brokerage firm founder Ryan Serhant, said the transaction went through virtually and the initial disclosure was made via FaceTime. The deal was nearly complete before the buyer saw it in person, he said. The house was priced in his low $50 million range, according to his agent, with furnishings adding millions of dollars.

According to the nonprofit Friends of the Upper East Side Historic District, the facility was built in 1879 and renovated in the 1930s in a neoclassical style. Excluding his two floors below street level, Carlos said it measures about 9,200 square feet and has six bedrooms and a staff room. The move-in-ready property has recently been gutted and includes a private indoor pool and sauna, he said.

Carlos said the seller hired a number of Italian craftsmen to finish the work. Some of the interiors were designed by Italian architect Achille Salvani, who is widely known for designing ultra-luxury yachts.

The purchaser was represented by Adam Solomon and Assad Masri.

Douglas Elliman.

The deal, which took a year to complete, was complicated by the fact that the seller did not speak much English and the buyer wanted to wait until the restoration was complete before signing the contract. they said. “There were a lot of moving parts,” Masri said.

The deal comes at a time when New York’s luxury townhouse market is busy.Beaux Arts style mansion formerly used by the Serbian Permanent Mission to the UN sold for $50 million in September.Also last month, real estate investor Keith Rubenstein

sold His Upper East Side townhouse was worth nearly $50 million.

Serhant said his firm “continues to see action and traction in the superprime market despite uncertainty in the global economy.”

write destination Catherine Clark [email protected]

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