LATEST NEWS

$72 Million Upper East Side Mansion Goes Back On The Market

This mansion used to be a place to recover from plastic surgery. Now you can just recover from life here.

By Team Agorafy September 27, 2016
All photos courtesy of Brown Harris Stevens

[otw_shortcode_dropcap label=”G” font=”Bowlby One SC” color_class=”otw-black-text” background_color_class=”otw-no-background” size=”large” border_color_class=”otw-no-border-color”][/otw_shortcode_dropcap]ot $72 million lying around that’s just collecting dust in your Swiss bank account? Well, if you do, you can purchase this 99-year-old mansion on the Upper East Side on 69th Street between Park and Madison. The section between Madison and Park Avenues from East 68th to East 71st Street is also known as the ‘Bankers’ Colony’. Maybe that’s because you need to rob a bank to live here?

Related: Rentals and Chill: NYC Rents Cool Down As Inventory Rises

It’s actually because a bunch of rich bankers kept building mansions here at the turn of the century. This was the most coveted area of Manhattan on which to break ground in the early 1900s. With magnates such as J.P. Morgan and William Sloane of W & J Sloane constructing luxury houses on this stretch of land, it was said in a newspaper article in 1916 that, “There is no section (of Manhattan) which shows more promise of usurping much of Fifth Avenue’s social prominence than Park Avenue.”

download

Used in the past few decades as a medical facility for plastic surgery out-patients, the 21,000-square-foot Dommerich Mansion was named after Otto Dommerich, a then ‘cotton-king-pin’ and one of the wealthiest Manhattanites of his day. It’s now on the market once again for private use, according to the Wall Street Journal.

This beautiful townhouse stands about 80 feet high and a corpulent 44 feet wide. There are only 11 mansions in New York that are wider than 44 feet, adding extraordinary value to the property. Architect Henry C. Pelton built the single family house (read: giant mansion) back in 1917. He’s also responsible for building The Cloisters and the Riverside Church, so he’s not a man who feared opulence. Being that the structure is mostly free of columns, this opens up the space for a wide array of potential design ideas for the new owner.

The late Dr. James W. Smith Jr., a professor at Weill Cornell Medical College, was the man who bought the townhouse in 1979 and was responsible for its’ conversion into the Center for Special Care. The medical facility stopped being active only a few months ago and Brown Harris Stevens are the lucky brokers in charge of selling this highly coveted, seven-story townhouse. With a mix of architectural details and modern design, the famed New York designer, John Saladino put rooms inside rooms which were designed specifically to be used as patient treatment areas.

This Beaux Arts-style mansion has two original elevators, one new elevator, a basement, a whopping 3,350 square-feet of outdoor space and wait for it—14 marble fire-places. Cause 13 is not quite enough and, let’s face it, 15 is just excessive. Additionally, there’s a roof deck with spectacular views of Central Park, and what mansion would be complete without a spiral staircase (approximately 22 feet in diameter) topped with a stained-glass dome that shines down natural light on all those who climb it? Included in the purchase price are 36 original drawings that detail the house’s construction. With all of this luxury, you can get your butler to make that late-night Chipotle burrito run all the way to 3rd Avenue. If you can find him.

Team Agorafy

ABOUT THE AUTHOR Team Agorafy

ABOUT THE AUTHOR Team Agorafy

Our mission is to be the most accurate resource for commercial listings, residential listings, and property information, allowing users to make highly-informed decisions based on current market data.

  • AGORAFY
    Avocado toasts are the reason why millennials can’t afford a home, says one Australian real estate developer. #AvocadoToast #Millennials https://goo.gl/TBCPnv
  • AGORAFY
    Five years on since Superstorm Sandy, Queens’ coastal peninsula is in the midst of a development boom. #Development #Rockaways https://goo.gl/BRKRrD
  • AGORAFY
    It turns out, renters can’t get enough of good ol’ no-doorman-no-frills apartments. Too bad developers aren’t building any. #Doorman #LuxuryRentals https://goo.gl/pdnbo6
The Housing Market In Shenzhen, The Silicon Valley of China, Slows In 2017
The city of Shenzhen has been on the real estate radar for quite some time. It is known as the Silicon Valley of China. Many…
Developers Jump Aboard The Trend To Revamp Transit Hubs And Remake Cities
Never has the often used marketing term, “close to transportation” been more important when attracting home buyers. These days it’s not just homes that are…
Millennials Are Fueling The Current Sizzling Real Estate Market
Ever wondered why the hosts of home improvement shows seem to be getting progressively younger, along with the fresh-faced couples getting their new properties made…
The Best Cities For Recent Grads To Rent – Without Blowing Their Entire Paycheck
What’s next post graduation? For most, the logical answer is to find a job. After the excitement of finishing your studies and the big celebration,…
Luxury Knows No Limit In Malaysia As A Deluge Of New Developments Hit The Market
The amount of newly constructed high-end real estate in Malaysia is almost as abundant as the lush vegetation which covers the tropical landscape. Despite vacant…
Don’t Call It A Commune – Upscale Co-Living Is Attracting Major Development
What may have once been referred to as a commune is today termed a co-living space. The big news that it’s not hippies with hemp…
It’s Official—New York Is Now The Most Expensive City In The World To Build
As if you didn’t already know, it’s expensive to build in New York City. Not just expensive but now officially the most expensive place in…
An Ultimate Destination For The Most Comprehensive Real Estate Data, Agorafy Prepares To Launch Nationwide
In the coming days, Agorafy will be entering a new chapter. It is the beginning of a new growth cycle in real estate technology with…

TOP 10