GM Building buyer drops $26M on UES townhouse

TRD New York /
Nov.November 07, 2013 08:21 AM

UPDATED, 10:40 a.m., Nov. 7: The billionaire Chinese developer who ponied up hundreds of millions just months ago for a stake in the GM Building is now forking over $26 million for an Upper East Side townhouse.

Zhang Xin, CEO of Beijing-based SOHO China and one of the world’s richest women, closed on the sale of the 19th-century home, at 45 East 74th Street, in late October. The property, between Park and Madison avenues, went on the market about a year ago at $33 million but had been priced at $30 million just before it sold, according to the Wall Street Journal. Town Residential’s Jason Karadus, Brett Miles and Robson Zanetti had the listing.

The seller was Valerio Morabito, an Italian real estate developer and movie producer who bought the home in 2009 for $10 million and then spent $10 million in renovations. Brown Harris Stevens’ Paula Del Nunzio represented Zhang.

Amenities of the five-bedroom, 7.5-bathroom townhouse, checked out in June by actor Leonardo DiCaprio, boasts a swimming pool, a waterfall and a sauna. [WSJ]  – Hiten Samtani


Related Articles

arrow_forward_ios
Compass' Rory Golod and Robert Reffkin at 110 Fifth Avenue with Andrew Heiberger (inset) (Credit: Google Maps)

Town’s old office now “unrecognizable,” Compass says on moving day

Ex-Town exec Luciane Serifovic launches virtual brokerage

Ex-Town exec Luciane Serifovic launches virtual brokerage

Gladstone, Heiberger settle $100M libel suit

Gladstone, Heiberger settle $100M libel suit

Former Town exec Melissa True is now leading agent development and recruitment at Elliman

Former Town exec Melissa True is now leading agent development and recruitment at Elliman

The Real Deal’s E.B. Solomont receives two Front Page Awards

The Real Deal’s E.B. Solomont receives two Front Page Awards

Four months later: These brokerages took in the most Town Residential agents

Four months later: These brokerages took in the most Town Residential agents

Bentley Zhao’s New Empire hits Town with $250M defamation suit

Bentley Zhao’s New Empire hits Town with $250M defamation suit

Partnering up: Brokerage affiliations in SoFla are having a moment

Partnering up: Brokerage affiliations in SoFla are having a moment

arrow_forward_ios