Clark Halstead, the co-founder of residential brokerage Halstead Property, has sold his own Upper East Side pad at 329 East 82nd Street for $5 million, city records filed late Tuesday show.
His nephew, Halstead broker Christopher Halstead, handed the sale of the townhouse, which records show closed in mid-May and went into contract in late March.
“It was just the right time in his life [to sell],” Christopher told The Real Deal. “It was a decision that the family made collectively.”
Clark co-founded Halstead Property in 1984 with Diane Ramirez, who has recently been appointed CEO of the firm. Before founding Halstead, Clark was a co-founder of Sotheby’s International Realty, where he headed its Manhattan division. He moved to an apartment near the townhouse, his nephew said.
It is not immediately clear when Clark purchased the townhouse or how much he paid, however, public records show he has been residing there since the 1970s.
The four-story multi-family townhouse, between Second and First avenues, was initially listed in September 2012 for $5.25 million, per StreetEasy.
The buyer was an LLC identified in city records as UES 329 Holdings; Christopher declined to identify the buyer.
The home is currently configured as a duplex apartment with a vacant rental unit on each of the third and fourth floors, according to the listing. However, the building could be converted to a single-family home, the listing says. The renovated townhouse also includes a finished basement, garden, open kitchen, gas fireplace and private interior staircase.
Between 2009 and 2011, one of the units was rented three times, listed with Halstead broker Sean Oakes for between $8,000 and $9,500 per month, StreetEasy shows.