A massive Upper East Side single-family townhouse at 50 East 69th Street was just wrestled off the market for an equally monumental $45 million, sources have told the New York Post. Joshua Harris, co-founder of Apollo Global Management, owner of the Philadelphia 76ers and part owner of the NHL’s New Jersey Devils, just bought the 21,070-square-foot house, which was listed at $72 million last September and reduced to $59 million in June. The 44-foot-wide limestone-clad building, known as the Dommerich Mansion, was built in 1917 in a neo-French classic style by architect Henry C. Pelton for Otto Louis Dommerich, who ran his family’s family cotton business. It was most recently being used as a cosmetic surgery facility.
The billionaire buyer reportedly put in a “ridiculously low” offer of $47 million, eventually negotiating the brokers down even more. The seven-story building has 14 marble fireplaces, a curved staircase leading to a stained glass dome and three elevators–two original ones and a commercial-grade hydraulic lift that runs between the first floor and the basement.
Also included are 3,350 square feet of outdoor space in the form of a second-floor terrace, a terrace just outside a solarium and a roof terrace. The listing offers a floor plan suggesting how the property might be converted into a palatial single-family home.
[Listing: 50 East 69th Street by Sabrina Saltiel and J. Roger Erickson for Douglas Elliman]
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Images courtesy of Douglas Elliman.
Neighborhoods : Upper East Side