The Real Deal New York

Triple play: $24M Upper East Side townhouse trade is third this week

January 10, 2013 03:30PM
By Zachary Kussin

From left: 14 East 94th Street and two shots of its interior

News regarding Upper East Side townhouse sales has not come in short supply this week. The latest home to trade hands is the townhouse at 14 East 94th Street between Fifth and Madison avenues, which sold for $24 million, according to public records filed yesterday with the city. The deal comes on the heels of the $24.8 million sale of a townhouse 14 blocks south at 15 East 80th Street, as well as a backless, gutted landmarked townhouse at 12 East 82nd Street that went into contract for close to its $19 million ask.

The seller of the East 94th Street property is listed as Emad Zikry, who appears to be the CEO of Vanderbilt Asset Management, an investment management firm. The purchaser is identified as Bresac LLC, which could not immediately be identified. The deed shows the sale transferred on Dec. 20.

It is unclear who brokered the deal. Douglas Elliman had listed the property in June 2010 for $17.3 million, but took it offline in April 2011, Streeteasy.com shows.

Zikry purchased the 20-foot-wide, 5,480-square-foot house in May 1999 for $3.75 million, records show. He did not respond to requests for comment.

The property was built in the early 20th century.

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