The Real Deal New York

Hotel owner to rent UES mansion for $125K per month

Property is the second priciest rental on the market in Manhattan
By Katherine Clarke | July 24, 2013 08:30AM

A 40-foot limestone mansion on the Upper East Side belonging to Lowell Hotel owner Fouad Chartouni has hit the rental market for a whopping $125,000 a month, The Real Deal has learned.

The property, at 6 East 93rd Street, is listed by Cathy Franklin and Alexis Bodenheimer of Brown Harris Stevens. Chartouni bought the home for $8.25 million in 2003, records show.

Chartouni, a principal of  real estate holding company Kensico Properties, which this spring sold an office building at 350 Madison Avenue to Aby Rosen’s RFR Realty for $261.5 million, could not be reached for comment.

The townhouse, which was listed last week, is the second priciest residential property available for rent in Manhattan, StreetEasy shows. The most expensive is an eight-bedroom condominium at the Waldorf-Astoria asking $135,000 a month.

Chartouni’s property could be rented as two duplexes, asking $65,000 and $60,000 apiece; he wants to lease the house for one or two years and has no plans to sell, Franklin said.

The real estate mogul has never lived at the mansion, she said, but renovated it himself. Franklin told The Real Deal that the apartment had the “most beautiful renovation” she has ever seen.

The home — the biggest on its block — has 12,120 square feet, plus a 2,435-square-foot cellar, according to the listing. It also has a south-facing cobblestone garden that measures 3,350 square feet. There are 10 bedrooms, 10 bathrooms and three powder rooms, as well as an elevator, fitness center and five working fireplaces.

Sculptor Elie Nadelman built the home it 1922; the Isadora Duncan Memorial School of the Dance took over the structure in 1931, according to previous reports.