Thursday, 15 September 2016

Lavish Upper East Side mansion has a whopping $72M price tag

The limestone townhouse is located on UES’s former ‘Bankers’ Colony’

An almost 100-year-old mansion on the Upper East Side, which for the past few decades was used as a medical facility may be returning to its original use—as a single family townhouse. The 21,000-square-foot Dommerich Mansion is now on the market, and it’s asking a jaw-dropping $72 million, the Wall Street Journal reports.

The late plastic surgeon James W. Smith Jr purchased the house in 1980 and then converted it into the Center for Speciality Care, an outpatient center for plastic surgery patients. The facility shut down just a few months ago with all traces of its use as a medical facility now removed. The brokers at Brown Harris Stevens, who are handling the sales, are hoping the townhouse will go back to its use as a home.

The seven-story townhouse was built in 1917 for Otto Dommerich, heir to a profitable cotton business, a wealthy investor in his own right, and one of the richest men in Manhattan at the time. Dommerich hired architect Henry C. Pelton (who later went on to design the Riverside Church) to design the mansion, which was built after demolishing two previous houses on the plot. The stretch of East 69th Street the mansion is located on between Madison and Park Avenues became known and Bankers’ Colony due to a group of wealthy bankers (obviously) building mansions on it.

Today the Beaux Arts-style mansion still bears its limestone facade, and its original curved staircase that stretches all the way to a stunning stain glass dome at the top. The house also comes with 14(!!) marble fireplaces, 3,350-square-feet of outdoor space, and two original elevators. The sprawling house stands seven-stories tall and 44-feet wide, and the sale comes with 36 original drawings detailing the construction of the house.

The most expensive townhouse sold in Manhattan is still the Harkness Mansion, just a few blocks north, which sold for $53 million in 2006, so it remains to be seen if this place will fetch anything close to its asking price. How much do you think it will sell for?




from
http://ny.curbed.com/2016/9/15/12933976/upper-east-side-72-million-limestone-mansion-for-sale

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