Sotheby’s to market Macklowe’s 150 East 72nd Street

TRD New York /
Dec.December 04, 2013 09:58 AM

UPDATED, 11:00 a.m., Dec. 4: Macklowe Properties has tapped Sotheby’s International Realty to market the remaining units at 150 East 72nd Street, the developer announced yesterday. Sotheby’s will handle sales for the 40 percent of units that remain on the market.

“Having come to a successful point in both the percentage and number of sales within this grand Upper East Side building, we feel that it is excellent timing for this transition as the building begins closings,” Richard Wallgren, an executive vice president of sales and marketing for Macklowe Properties, said in a release.

The building, located at 72nd Street and Lexington Avenue, has two- to-four-bedroom units ranging from 1,300 square feet to 3,600 square feet. Macklowe Properties launched sales in January and hit the 50 percent sold mark in June.

Macklowe Properties, like many other major developers, usually markets properties in-house. The Related Companies’ recent decision to collaborate with Corcoran Sunshine to market about $5 billion worth of new projects including the residential component of Hudson Yards, represented a reversal of this trend. — Hiten Samtani

Related Articles

Harry Macklowe, Linda Macklowe and 432 Park Avenue (Credit: Getty Images)

The latest in Harry Macklowe’s divorce: Linda’s appeal killed in court

A rendering of Tower Fifth with Harry Macklowe (Credit: Getty Images)

Harry Macklowe just got $192M closer to building his Midtown skyscraper

Clockwise from top left: Former rail tycoon James Evans' waterfront estate in East Hampton lists for $60M, Water Mill waterfront home sees price dip below $18M, a modern Sagaponack home hits the market at $9.5M and East Hampton's "White House" gets a $3M price cut.

Former RKF chief appears in Southampton court, Water Mill waterfront home’s price drops below $18M & more Hamptons real estate news

All aboard! Former rail tycoon’s Hamptons estate pulls in $60M ask

Developer ditches plan for South Fork wind farms, Southampton estate sells for half its initial ask & more Hamptons real estate news

Phil Simms and 930 Old Mill Road in Franklin Lakes

Former New York Giants quarterback drops back ask for New Jersey home

The Apaquogue in East Hampton

For the first time in a century, this East Hampton home is on the market

Newark office building sold in an OZ, Garden State’s industrial market stays hot & more North Jersey real estate news