Painter David Deutsch’s Turtle Bay home sells for $13.5M

Private equity firm Carlyle buys townhouse on East 49th Street; asking was $16.5M

New York /
Apr.April 24, 2014 12:15 PM

UPDATED, 2:59 p.m., February 24: The estate of painter David Deutsch sold his townhouse in the historic Turtle Bay Gardens neighborhood to the Carlyle Group for $13.5 million, property records filed today with the city show.

The 38-foot-wide, 8,000-square-foot house, located at 226-228 East 49th Street, has five bedrooms and seven fireplaces, according to a listing with Douglas Elliman’s Steve Halprin and Jan Hashey. The townhouse hit the market in July for only the second time since 1961 and was asking $16.5 million.

The property sports a fifth-floor exercise pool, a ballroom and a retrofitted elevator. It also features a double-height artist’s studio, which Deutsch, who bought the townhouse in 1997 for $2.45 million, ostensibly used to create some of his critically-acclaimed pieces such as “It Has Stopped” and “Unconscious.”

The Elliman brokers declined to comment. Representatives for Carlyle weren’t immediately available for comment.

Correction: A previous version of this story incorrectly identified the seller. It is David Deutsch the painter, not the late advertising executive.


Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)
Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)
Douglas Elliman is coming to Texas
Douglas Elliman is coming to Texas
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)
Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
(Getty)
Hamptons home prices dip, but North Fork’s hit another record
Hamptons home prices dip, but North Fork’s hit another record
160 Imlay Street and Living New York's Devin Someck with Fredrik Eklund and John Gomes
Living New York bumps Eklund-Gomes off Red Hook project
Living New York bumps Eklund-Gomes off Red Hook project
Douglas Elliman's Todd Bourgard (Douglas Elliman, Getty)
Elliman taps new head of Long Island
Elliman taps new head of Long Island
200 East 83rd Street, Alexa Lambert, Alison Black, Shelton Smith
Naftali’s 200 East 83rd Street tops Thursday’s 10 priciest resi sales
Naftali’s 200 East 83rd Street tops Thursday’s 10 priciest resi sales
Tal and Oren Alexander,  Tyrone McKillen (Side, Getty, Pulse Development Group)
Alexanders tap top Compass agent for LA expansion
Alexanders tap top Compass agent for LA expansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...