Billionaire sports team owner gets $17M discount on Upper East Side mega-mansion

Posted On Thu, September 14, 2017 By

Posted On Thu, September 14, 2017 By In Historic Homes, Recent Sales, Upper East Side

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.

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50 East 69th Street, Upper East Side, Mansions, townhouses

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.

50 East 69th Street, Upper East Side, Mansions, townhouses

50 East 69th Street, Upper East Side, Mansions, townhouses

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.

50 East 69th Street, Upper East Side, Mansions, townhouses

[Via NYPost]

[Listing: 50 East 69th Street by Sabrina Saltiel and J. Roger Erickson for Douglas Elliman]

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Images courtesy of Douglas Elliman.

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Neighborhoods : Upper East Side

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