Gilded Age Mansion Trades for Steep Discount

0
4


A Gilded Age mansion on the Upper East Side just traded for a steep discount. 

An entity tied to hedge fund manager Joseph DiMenna sold the historic townhouse at 10 East 67th Street for $36 million, down significantly from its initial asking price of $50 million, according to public records. 

The buyer, whose identity is shielded by an LLC, paid roughly $2,800 per square foot for the seven-story home, known as the Jules Bache Mansion. It has seven bedrooms and 10 bathrooms and features an elevator, garden and 1,700-square-foot rooftop deck. 

DiMenna and his now ex-wife, producer Diana, bought the sprawling 13,000-square-foot abode in 2006 for $28.5 million from Jeanne Andlinger, the wife of the late investment banker Gerhard Andlinger. Andlinger appears to have inherited the home in 2003 from the estate of the late art collector and socialite Catarina “Kitty” Meyer. 

Meyer died at the home in 1997 after an electrical fire blazed through it in the early hours of the morning and trapped her and her guest, actress and socialite Zohra Lahrizi Zondler, on a balcony on the fifth floor, the New York Times reported at the time. 

After the fire broke out, Meyer ran upstairs to rescue Zondler, but the two women weren’t able to get back downstairs. Both Meyer and Zondler died after jumping from the balcony. 

The home was gut-renovated after the fire, including a new chef’s kitchen and solarium, according to Mansion Global. The architect, Peter Marino, maintained the original staircase and portions of the formal dining room. 

The DiMennas listed the property last February, three months before the couple filed for divorce in New York. The home hit the market with a $50 million asking price, though it later dropped to $45 million when Ryan Serhant and Serhant’s Melissa Post took over the listing from Douglas Elliman earlier this year.

The deal follows a string of contract signings for notable Upper East Side mansions, including Bill Cosby’s 13,000-square-foot home at 18 East 71st Street, asking $29 million. The disgraced actor landed an inked deal for his townhouse earlier this month as the property faced foreclosure.  

Barbara Streisand also found a buyer for her home at 49 East 80th Street in August. The eight-bedroom townhouse last asked $16 million. 

Read more

Manhattan’s Luxury Market Bounces Back

Manhattan’s luxury contracts bounce back, led by $88M penthouse

The Met trades two UES townhouses asking $28M

Bill Cosby Lands Buyer for UES Townhouse

Bill Cosby lands buyer for UES townhouse



LEAVE A REPLY

Please enter your comment!
Please enter your name here