Designer’s UES townhouse sells for $27M

Apr.April 16, 2013 04:30 PM

An Upper East Side townhouse owned by Italian fashion designer Luca Orlandi has traded for $27 million, according to public records filed with the city today.

There appears to be no recent listing for the property at 12 East 76th Street, which was acquired by Orlandi, founder of fashion house Luca Luca, for just $12.35 million in 2008. Attempts to reach Orlandi were not immediately successful.

The designer, who is married to Nigerian-born supermodel Oluchi Onweagba, purchased the property as the full weight of the recession hit. The five-story, 7,056-square-foot property required some work; it had been owned by the same family since 1954 and was divided into two separate apartments and a doctor’s office on the ground floor. It was not clear if Orlandi had turned the property into a single-family home before selling it.

The deal for the townhouse closed March 28, public records show. The identity of the buyer, an LLC named MOU, was not immediately clear. A call to the attorney representing the LLC was not immediately returned.

The Property Has An Outdoor Garden And Terrace, according to an old listing.

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Spencer Rascoff (Credit: John Lamparski/Getty Images)

Zillow co-founder Spencer Rascoff leaves board

Top resi agents dish on second homes, virtual showings

Top resi agents dish on second homes, virtual showings

Hamid Moghadam

A quarter of Prologis’ tenants request a break on rent. Most won’t get it

Simon Ziff (Photo by Emily Assiran)

The Closing: Simon Ziff

Brokers are worried that classifying their work as "essential" may hinder them receiving unemployment benefits

Does “essential” status jeopardize brokers’ unemployment claims?