The Real Deal New York

Painter David Deutsch’s Turtle Bay home sells for $13.5M

Private equity firm Carlyle buys townhouse on East 49th Street; asking was $16.5M

April 24, 2014 12:15PM
By Hiten Samtani

Interior shots of the townhouse at 226-228 East 49th Street

Interior shots of the townhouse at 226-228 East 49th Street

UPDATED, 2:59 p.m., February 24: The estate of painter David Deutsch sold his townhouse in the historic Turtle Bay Gardens neighborhood to the Carlyle Group for $13.5 million, property records filed today with the city show.

The 38-foot-wide, 8,000-square-foot house, located at 226-228 East 49th Street, has five bedrooms and seven fireplaces, according to a listing with Douglas Elliman’s Steve Halprin and Jan Hashey. The townhouse hit the market in July for only the second time since 1961 and was asking $16.5 million.

The property sports a fifth-floor exercise pool, a ballroom and a retrofitted elevator. It also features a double-height artist’s studio, which Deutsch, who bought the townhouse in 1997 for $2.45 million, ostensibly used to create some of his critically-acclaimed pieces such as “It Has Stopped” and “Unconscious.”

The Elliman brokers declined to comment. Representatives for Carlyle weren’t immediately available for comment.

Correction: A previous version of this story incorrectly identified the seller. It is David Deutsch the painter, not the late advertising executive.

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