Luxury Townhouse News

How much can you get for a hollow townhouse?

Thursday, 10 Jan 2013 01:12 PM
12 East 82nd Street NYC

A hollow townhouse, without a back, is in contract for nearly $19 million. Let’s take a look at the 21-foot wide front façade. The quite pretty limestone trim and decent marble façade makes an impression that the townhouse should be in a mint condition. Well, in case of 12 East 82nd Street that is not the case. The back is missing, the rain goes right thorough it, neighbors need to put up flowers in their windows in order not to see the ugly mess. The back has been missing for nearly three years.

George Soros’ Daughter Lists $29.5M Townhouse

Friday, 26 Oct 2012 01:01 PM
Andrea Soros Colombel and her Townhouse at 10 West 10th Street

Andrea Soros Colombel, daughter of the currency speculator, investor, and philanthropist/activist George Soros, listed her 21-room, 26’ wide Greenwich Village Townhouse at 10 West 10th Street for $29.5 million yesterday.

Andrea, founder of the Trace Foundation, purchased the four-story home in 2006 for $11.5 million and invested a lot of time, energy and money into renovating it, and the result is quite impressive.

Buyer of Rothschild Mansion Unveiled

Monday, 22 Oct 2012 07:47 AM
Buyer unveiled for Rothschild Mansion

The buyer of the Upper East Side’s Rothschild Mansion at has been revealed today. Steel magnate, Leroy Schecter, 85, has purchased the townhouse for $25 million, according to The Post. Mr. Schecter is chairman of steelmaker Marino/Ware Industries and is also the owner of the recently listed $95 million 15 Central Park West apartment.

Price Cut On Chipotle CEO Townhouse

Wednesday, 17 Oct 2012 05:21 PM
Chipotle Founder Steve Ells Lists $16.5M NYC Townhouse

There it is – the first price cut for Steve Ells townhouse at 92 Jane Street. Purchased in 2008 for $13.4 million, Steve tried to sell it for $16.5 million – making a $3.1 million profit in just four years. The new price is $14.9 million, leaving Steve with a profit of barely $1.5 million if it sells at the new asking price. That's still a lot of money as most of us would do anything to make $1.5 million on a 4 year investment.

Rothschild Mansion Finally Sells For $25M

Thursday, 04 Oct 2012 11:21 PM
41 East 70th Street Rothshild Mansion Sold for $25 million

It has been several years since we heard, for the first time, that the Rothschild mansion at 41 East 70th Street had been placed on the market. A long time has passed and many price changes have followed. Bloomberg News reported that the townhouse has been sold to an unknown buyer for $25 million.

Chipotle Founder Steve Ells Lists $16.5M NYC Townhouse

Friday, 14 Sep 2012 10:51 PM
Chipotle Founder Steve Ells Lists $16.5M NYC Townhouse

Steve Ells, Chipotle’s founder, co-CEO and Chairman has listed his completely redesigned West Village townhouse for $16.5 million. The 5,000-square-foot Greek Revival house located at 92 Jane Street underwent an extraordinary renovation, transforming the rear façade installing super modern floor to ceiling windows, and in turn building up walls around the garden for 100% privacy. Ells purchased the townhouse right after its transformation into a minimalist-modern-palace in 2008 for $13.4 million.

Deal of the Week: Townhouse Sells for $21M (To Jerry Seinfeld?)

Sunday, 02 Sep 2012 11:05 PM
Townhouse at 26 East 73rd Street sold for $21M

The townhouse at 26 East 73rd Street in Manhattan’s Upper East Side has sold for $21million, which makes it the most valuable sale of the week. The six-floor, five-bedroom and five-bathroom townhouse was built in the 1890’s, has five fireplaces, a sweeping staircase and a charming rooftop garden. Alexander McMillan Welch, according to the NY Times, designed it. It had been on the market for 56 weeks and was completely renovated between 2005 and 2007. The seller bought the townhouse in 2007 for $18 million.

UES Townhouse Sold for 30% Above Asking Price

Tuesday, 28 Aug 2012 10:19 AM
The townhouse at 815 Fifth Avenue tops asking price by $7M

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.

Qatar Prime Minister Sheikh Hamad Buys Rosen’s $47M Townhouse in NYC

Wednesday, 22 Aug 2012 10:05 AM
Qatari PM townhouse nyc 22 East 71st

Qatar Prime Minister, Sheikh Hamad purchased a townhouse for nearly $50 million at 22 East 71st Street, reported the NY Post. The deal was made in absolute secrecy without the involvement of a broker, but the deal was instead done through Tower Management Holdings in order to protect the identity of the Prime Minister.

The townhouse was bought from RFR Realty President Aby Rosen who reportedly was famed for throwing incredible parties at the townhouse.