Upper East Sides’ Soaring Market

If you recall, earlier this week we discussed the sales of the Plaza apartments, where two of the condos have each been sold for more than $50 million, making them Manhattan’s most expensive apartments.

Well, the Plaza is not the only property in the Upper East Side with price tags over $50 million.

Edgar Bronfman Jr., the Chairman and CEO of Warner Music, had “unofficially” put his townhouse, on 15 East 64th street, on sale for $61 million. And recently sold it for just over $50 million. Aside from the Plaza’s two apartments, Bronfman’s townhouse will go down in history as Manhattan’s second townhouse to crack over $50 million.

Mr. Bronfman bought the 31-foot-wide townhouse for $4.37 million in 1994. And renovated the nine-apartment building into a townhouse adding steel panels, terraced children’s playroom, a master bedroom with in-facing balcony, a library with a glass-floored balcony and two courtyards.

Additionally, the house was outfitted with a 2.5-story piazza, a Nigerian fertility statue, a secret doorway leading to the upstairs bedrooms, and a house manager as well as a private guard to ensure the house’s daily functions. At this rate, the Upper East Side will soon become a $50 million and up market!
Via The New York Observer