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

TRD 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


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

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Unrealistic pricing bogs down Miami luxury condo market: TRD Showcase & Forum

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman

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

Rents increased year over year this September in Manhattan and Brooklyn to $4,336 and $3,366

Rents tick up and concessions fall amid broader economic uncertainty

The number of closed sales fell by more than 14 percent year over year in the third quarter (Credit: iStock)

Low mortgage rates are killing Manhattan’s all-cash buyer