The Real Deal New York

Lauren Bacall’s Dakota pad to hit market at $26M

Industry sources previously valued the co-op at $9M
By E.B. Solomont | November 05, 2014 05:19PM

UPDATED November 6, 2:20 p.m.: Legendary actress Lauren Bacall’s apartment at the Dakota will hit the market this month for $26 million, The Real Deal has learned. Following the movie star’s death this summer at age 89, news outlets speculated the home had been valued at $9 million, a figure disputed by industry sources familiar with the sprawling apartment.

Rebecca Edwardson of Warburg Realty has the exclusive listing, the brokerage confirmed today.

While the building’s strict co-op board has insisted on keeping details about Bacall’s unit under wraps – including its size, location and floor – sources said the apartment’s park-facing frontage spans approximately 100 feet.

“Almost all of the important rooms face the park,” said a source familiar with the property, who described the home as a “grand” apartment with seven fireplaces and “tons of original details.”

Bacall purchased the home for $48,000 in 1961, and counted Boris Karloff, Judy Holliday and Roberta Flack among her neighbors. In a 2011 Vanity Fair article, Bacall’s home was described as “cavernous,” with a wood-trimmed parlor and huge windows that “overlook Central Park, 30 feet above the tree line.”

The 93-unit landmark building, at 1 West 72nd Street, is one of the city’s most elite properties. It’s also among the stodgiest, having turned down the liked of Melanie Griffith and Antonio Banderas. In 2011, it was hit with a racial bias suit by hedge fund manager Alphonse ’Buddy’ Fletcher.