It’s a great market for townhomes. 54 East 64th Street has been sold to designer Reed Krakoff and his wife Delphine for $28 million.
This news is especially remarkable considering the townhouse’s history. Formerly a Kips Bay Decorator Show House and a one-time home of the New York Observer, this Upper East Side gem was transformed into a luxurious home when it was purchased by real estate investor David Quinlan for $18.74 million back in 2005.
After failing to turn the hefty profit he was hoping for, Quinlan sold the townhouse for $20 million in 2011. Last year it was placed back on the market for $20 million; however, broker Dolly Lenz changed that, upping the asking price to $28 million. They don’t call her a superbroker for nothing.
Check out more photos of the townhouse here
The New York City Landmarks Preservation Commission has just approved the creation of the Park Avenue Historic District, but with major modifications that could mean big changes for the neighborhood.
The boundaries of the district were proposed to run from 79th to 96th Street, but the final version passed today excludes the blocks north of 94th Street, which encompasses the Morris Ketchum Jr.-designed Hunter College School as well as The Loyola Grammar School at 48 East 84th Street.
More importantly, today’s ruling would appear to give Extell Development the green light to replace a Park Avenue church rectory with a condominium tower.
Park Ave will soon be afoot with change
According to property records filed with the city in Friday, it appears that George Stephanopoulos is moving on up in his 30 East 72nd Street co-op!
The Good Morning America co-anchor and his comedian wife, Alexandra “Ali” Wentworth, purchased a sizeable 2BR/2BA apartment located on the 10th floor of their current building for $2.2 million. The pair already own a 3,300-square-foot, ninth-floor apartment at the same property, purchased for $6.5 million in 2010. Word is that the couple will merge the two apartments into one luxurious home.
More on the deal here
Society couple Pamela Farkas and Andrew Paul have finally found a buyer for their co-op at 820 Park Avenue.
The duo placed their property on the market last September, and it looks like Wall Street exec Matthew Cherwin, who was recently named co-head of JPMorgan’s Global Credit, Securitized Products and Public Finance, and his wife, Wendy Cherwin, handed over $22 million for the digs. The interiors of the duplex are definitively Upper East Side, and the residence boasts five bedrooms and 180-feet of Park Avenue frontage.
A look Inside the luxury home here
Manhattan is known for hosting more than a handful of the world’s most luxurious homes — many of which are perched hundreds if not thousands of feet above ground. Though few folks will ever get to see the interior of anything higher than their 5-story walk-up, we’re offering up a look into how New York’s loftiest live.
From the “smallest” to the tallest, take a peek into the penthouses of 10 of Manhattan’s supertall condos ahead. And just to give you a little more context, the Empire State Building soars 1,250 feet high.
It’s a tall, tall world