The Real Deal New York

Larry Gagosian closes on Harkness Mansion for $36.5M

August 18, 2011 09:55AM

From left: Larry Gagosian, the Harkness Mansion and J. Christopher Flowers

High-profile art mogul Larry Gagosian has just closed on the Harkness Mansion, the more than 20,000-square-foot townhouse at 4 East 75th Street, for $36.5 million, the New York Post reported.

J. Christopher Flowers, the private equity magnate who, in 2006, logged the city’s priciest residential transaction ever with his $53 million purchase of the property, got serious about his search for a buyer for the townhouse in the wake of a separation from his wife last year.

In 2009, it was reported that Flowers, who had already put more than $4 million worth of renovations into the 114-year-old, 50-foot-wide mansion, wanted around $50 million for the home. Flowers bought the home from banking heir Jacqui Safra, who used to produce Woody Allen movies. [Post, 1st item]

One Response to “Larry Gagosian closes on Harkness Mansion for $36.5M”

  1. March 29, 2012 at 8:03 pm, 84 Mercer Street | Brown Harris Stevens | Jan Cowles said:

    [...] in January when she claimed that art-dealing powerhouse Larry Gagosian, who recently purchased the Harkness Mansion on East 75th Street for $36.5 million, had sold a Roy Lichtenstein painting from her collection [...]