Property records that were made public on Wednesday, April 5, a townhouse in Manhattan’s Upper East Side sold for $79.5 million, the record highest price for a home in the borough. According to appraiser Miller Samuel Inc. the previous record for a Manhattan townhouse was in 2006 when the property at 4 E. 75th Street was bought for $53 million.
For over 80 years, the billionaire art dealing Wildenstein family had their gallery at the 20,500-square-foot property they own located at 19 E. 64th Street.
The government of Qatar signed a deal with the Wildenstein family in 2014 to purchase the limestone-clad building and use it as a consulate. However, the day before the sale was scheduled to close, Qatar pulled out of the deal. The Wildenstein’s then relisted the property for $100 million.
Bloomberg reports, “The building has three stories, accessible by elevator, and 20-foot (6.1-meter) ceilings, according to a description in a lawsuit brought by another would-be buyer. The plaintiff in that suit, Len Blavatnik’s Access Industries LLC, accused the Wildensteins of reneging on a verbal agreement to sell it the townhouse for $79 million after the Qatar deal fell through. The broker marketing the property for the sellers was Carrie Chiang of Corcoran Group. The buyer is a limited-liability corporation called 19-21 East 64 Holding LLC, according to the property records.”
By Hannah Hayes