The Real Deal New York

Flatiron home of Chinese artist goes for $12M

December 05, 2013 05:54PM

From left: Wen-Ying Tsai, 7 East 19th St and Tsai's "Multikinetic"

From left: Wen-Ying Tsai, 7 East 19th St and Tsai’s “Multikinetic”

The Flatiron District home of Chinese-born artist and dissident Wen-Ying Tsai has sold for $12 million.

The late Tsai, who passed away in January, created motorized sculptures and established the city’s Tsai Art and Science Foundation. He had lived in New York since the 1970s, but details on his family’s purchase of the 7 East 19th Street townhouse were not available in city records.

The five-story cast-iron building, purchased by an LLC dubbed Seveneast 19, was owned by Tsai’s family since his death earlier this year. The property was marketed by Peter von Der Ahe, Scott Edelstein and Seth Glasser of Marcus & Millichap in the sale, touted as an investment opportunity that can be broken into several small apartments.

Constructed in 1910, the property spreads across 10,144 square feet. [NYO]Julie Strickland

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