After a year, Gramercy Park mansion returns to market with $2M price increase

New York /
Jul.July 07, 2011 07:18 PM
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22 Gramercy Park South and brokers John Burger and Antonio Cosentino

[Updated: July 8, 1:15 p.m.] A six-story story mansion overlooking Gramercy Park asking $23.9 million has returned to the market about a year after it was last listed, but not before the top three floors changed hands and the house saw a $1.9 million asking price increase. As The Real Deal previously reported, Eric Ellenbogen, the former CEO of Marvel Comics who owned the entire property, at 22 Gramercy Park South, sold the top three floors of the property in May 2010 through Brown Harris Stevens broker John Burger, but kept the bottom three floors to himself. At the time the entire house had also been listed for $22 million. Burger attributed the $1.9 million bump to the rising market, and warned that another price increase is planned for Sept. 15.

Public records show the three floors were bought by attorney Richard Aliteri, a partner at Altieri & Esposito, for $9.16 million. Ellenbogen bought the property, which has an alternate address of 130 East 20th Street, for $2 million in 1999, and completely renovated its interior.

Now, Altieri and Ellenbogen are each selling their stakes in the building, allowing a buyer the opportunity to purchase all six floors, 16 rooms and seven bedrooms. Burger and the Corcoran Group’s Antonio Cosentino are marketing the entire home. Buyers also have the option to purchase just one of the two units. The top three floors alone are listed for $11.9 million.

As previously reported, Ellenbogen had been weighing selling the bottom portion of the mansion since early 2010, but Burger was unsure why the owner of the top floors, whose identity he wouldn’t confirm, is so quick to sell his home.

Burger characterized traffic to the property so far as “good,” and said prospective buyers are split evenly among those who wish to purchase the entire home and those interested in just half of it. Burger touted the broad appeal of the home, which can be at least partly attributed to the key to Gramercy Park that comes with owning the home.


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