Developer Harry Macklowe is in the process of buying 150 East 72nd Street, a 34-unit rent-stabilized apartment building, for $70 million, according to the New York Post. The building, which sits on the corner of Lexington Avenue, is home to legendary broker Alice Mason, who has lived in her 2,043-square-foot, rent-stabilized unit for 48 years. Macklowe, who is hoping to transform the building into a condominium, has reportedly put a deposit down on the building, and is currently looking to raise $35.4 million from joint-venture equity partners, sources say. [Post]

Alice Mason

From the April issue: Alice Mason, one of the city’s legendary real estate brokers, ran
her eponymous boutique New York City real estate firm, which sold
properties at some of the most exclusive buildings in Manhattan to the
likes of Marilyn Monroe and other celebrities, for over 40 years. She
closed its Madison Avenue office in 2008 and now works from her Upper
East Side apartment. In a conversation with The Real Deal, Mason talked about her notoriously celeb-packed parties, living on her own, and reading former President Jimmy Carter’s “energy.” Click here to see the full interview. [more]