UES Townhouse Sold for 30% Above Asking Price

Tuesday, 28 Aug 2012 10:19 AM

The oldest building on 5th Avenue between 59th and 110th street was listed for $25 million and has been sold for $32 million, which is nearly 30% above asking price. Not too shabby. The building located at 815 Fifth Avenue has approximately 10,000 square feet, which is divided into 12 apartments and two offices. The seller purchased the building in the 1950’s for $120,000 and converted it into a residential building, according to the Wall Street Journal. Even though the building was built in 1870 it doesn’t have many of those, highly desired, pre-war details left as it was stripped of most of its exterior pre-war details in the 1920’s.

The building was listed by Darran Sukenik of Prudential Douglas Elliman. The buyer was brought by Roberta Golubock and Margaret Juvelier of Sotheby’s International Realty.