Thursday, 23 June 2016

After Gut Renovation, Lavish Upper East Side Townhouse Wants $42.5M

It was built around 1900 but has gotten a modern revamp

Real estate honcho Andrew Farkas bought the turn-of-the-century townhouse at 12 East 73rd Street for chump change—to a billionaire, anyway—in 2007, paying $23 million for the limestone mansion. Nearly 10 years and one extensive renovation later, Farkas is putting the home back on the market for nearly double what he paid—it’s now asking $42.5 million.

According to the Wall Street Journal, which first reported the sale, Farkas is selling the place for "personal reasons." But before he decided to bow out, he tapped Daniel Romualdez, the interior designer behind SOM’s 252 East 57th Street and Robert A.M. Stern’s 70 Vestry, to transform the place into "the most luxurious townhouse currently on the market," so sayeth the brokerbabble.

More brokerbabble: "No expense was spared" on the home, and its rooms have "grand scale and soaring ceilings." (So: it’s big and it’s expensive.) There are five bedrooms (one of which is basically a full-floor master suite) and five and a half bathrooms, along with staff quarters in the basement. The private garden and roof deck are both rather lovely, and the latter actually has Central Park Views.


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