National Academy’s trio of palatial UES buildings drops price to $79M, gets new pics

Posted On Wed, March 22, 2017 By

Posted On Wed, March 22, 2017 By In Cool Listings, Historic Homes, Upper East Side

Nearly a year ago, the National Academy Museum & School listed their three stunning Carnegie Hill properties for $120 million–two interconnected townhouses at 1083 Fifth Avenue and 3 East 89th Street and a 65-foot-wide school building on East 89th Street. Though the original listing touted the possibility to create an epic, single-family mega-mansion, there have been no takers, and the buildings are now asking a reduced $78.5 million (h/t WSJ). Along with the price chop comes fresh interior images of the townhouses and their palatial layouts, intricate moldings, dripping chandeliers, and regal spiral staircase.

3 East 89th Street, National Academy Museum & SchoolL to R: 1083 Fifth Avenue, 3 East 89th Street, and 5-7 East 89th Street

Unlike the first time around, the buildings can now be purchased separately–$29.5 million for each of the townhouses and $19.95 for the school buildings. Together, they offer 54,000 square feet and can still be combined, turned into condos, or kept as a museum/educational facility. As 6sqft previously reported, the school decided to sell its buildings to establish a permanent, unrestricted endowment and gain revenue for a new space.

Located across from the Guggenheim, the two townhouses are connected by a domed rotunda and marble staircase surrounded by Corinthian pilasters.

1083 was built in 1902 by prolific architect Ogden Codman. This Beaux-Arts townhouse boasts a 51-foot oval gallery known as the Adam Room (pictured above), as well as “a deep-hued walnut paneled drawing room, a sitting room decorated with Tudor strapwork ceiling, two master suites, 3 guest bedrooms, 9 staff rooms, an elevator and a Fifth Avenue address.”

In 1913, Codman added the home at 3 East 89th Street as an extension, creating a private residence for major arts patron Archer Milton Huntington and his wife Anna Hyatt, who used the ballrooms to entertain and showcase his impressive sculpture collection. It retains its Neo-Renaissance limestone facade and, according to the listing, “the capacious interiors are lined with original architectural articulation including doric pilasters, a marble oval staircase with cast iron railing, parquet de Versailles wood floors, Rosso Merlino, Hauteville and Belgian black marble flooring, beautiful ceiling moldings and extraordinary ornamental details.”

In the 1940s, Huntington donated the property to the National Academy Museum & School. The following decade, they built the two-story annex to serve as a school. Though the school will remain open until the building sells, the museum closed last June. The institution is currently looking for a new location in Manhattan but might also consider Brooklyn or Queens according to architect Bruce Fowle, the National Academy’s president.

[Listing: 3 East 89th Street and 1083 Fifth Avenue by Carrie Chiang and Richard Phan of the Corcoran Group]

[Via WSJ]


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Neighborhoods : Upper East Side



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