Gloria Vanderbilt’s childhood home on the UES has sold for $32.2M
Photos courtesy of Douglas Elliman
After hitting the market for $50 million in 2019, the seven-story Gilded-Age Upper East Side townhouse where late socialite Gloria Vanderbilt lived as a child has sold for $32.2 million. According to the New York Post, a group of Russian investors bought the 27-foot-wide mansion for $19 million in 2014 with plans to transform the property into three separate condo units and sell for $70 million. The investors sold the home at 39 East 72nd Street to an unknown buyer using an LLC, according to the newspaper.
Photos courtesy of Douglas Elliman
The group had secured a loan from Madison Realty Capital in $17 million for the condo conversion. In 2020, Madison Realty Capital claimed the investors failed to repay the balance of the mortgage, defaulting on the loan, as The Real Deal reported at the time. Foreclosure proceedings were halted because of the coronavirus pandemic.
“Individuals in Russia held the primary equity position. They bought it as an investment, not as an oligarch’s hideaway,” a source told the Post.
Boasting a sandstone-clad facade, the stately townhouse measures more than 18,400 square feet and includes an additional 1,500 square feet of outdoor space. The Gilded-Age neo-Grec mansion was built in 1891 by Robert B. Lynd.
The townhouse underwent a gut renovation by CetraRuddy in 2017 and was listed by Douglas Elliman in 2019 for $50 million, as 6sqft previously reported. The home was relisted by the Corcoran Group for $36 million last month “with a buyer already in hand,” according to Mansion Global.
Vanderbilt lived at the home before she moved to Paris. Another former Manhattan home of the businesswoman-artist, who died in 2019, sold last year. The Beekman Place apartment where Vanderbilt lived for 25 years sold after just a month on the market, after listing for $1.125 million in August 2021.
[Via NY Post]
[Listing details: 39 East 72nd Street by Carrie C. Chiang and Andres Perea-Garzon for The Corcoran Group]
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