Brandeis University sells UES alumni house for $32M

Proceeds from sale of five-story mansion on East 77th St. will go toward school's endowment

New York /
Feb.February 23, 2015 12:23 PM

Brandeis University sold its Upper East Side alumni house for $32 million, according to property records filed with the city today.

Tradeland and Investors Inc., a New York-based brokerage and management firm led by Richard Baldwin, is listed as the buyer of the five-story mansion at 12 East 77th Street, which could be turned into a single-family home. Baldwin could not immediately be reached on Monday afternoon.

The university listed the property — which used to be home to Gloria Vanderbilt’s father Reginald — in October for $33 million with Brown Harris Stevens’ John Burger and Ghislaine Absy. The building was used for events and housed some classrooms as well as an apartment on the top floor.

The university’s president, Fred Lawrence, announced his plan to sell in an email to alumni in September. He wrote that the proceeds of the sale will go into the school’s $766 million endowment.

 

Related Articles

arrow_forward_ios
Barbara Russo, Danielle Englebardt, and Oren and Tal Alexander (Getty, iStock BFA)
Ranking the top residential brokers on the Upper East Side
Ranking the top residential brokers on the Upper East Side
Elad Group's Isaac Tshuva and1299 Third Avenue (Getty, Google Maps)
Elad picks up shovel-ready UES development site
Elad picks up shovel-ready UES development site
The Rio (StreetEasy, iStock)
Upper East Side co-op sues octogenarian resident who allegedly pooped in pool
Upper East Side co-op sues octogenarian resident who allegedly pooped in pool
Ron Perelman with 35 East 62nd Street and 41 East 62nd Street (Getty, Google Maps)
Ron Perelman’s former Lenox Hill offices hit market for $160M
Ron Perelman’s former Lenox Hill offices hit market for $160M
Gianni Versace and 5 East 64th Street in Manhattan (Sotheby’s International Realty, Getty Images)
Versace’s former townhouse listed for $70M
Versace’s former townhouse listed for $70M
Robert Toll, co-founder, Toll Brothers, in front of 30 East 85th Street (Google Maps, iStock)
Toll Brothers chief asks $22M for NYC penthouse
Toll Brothers chief asks $22M for NYC penthouse
Clockwise from center: 2 East 88th Street, 11 East 69th Street, 1125 5th Avenue and 12 East 63rd Street (Google Maps, Elliman/Illustration by Kevin Rebong for The Real Deal)
Ranking the top 20 home sales on the Upper East Side
Ranking the top 20 home sales on the Upper East Side
Plaza Athenee at 37 East 64th Street (Plaza Athenee, iStock)
Plaza Athenee’s pandemic insurance claim struck down
Plaza Athenee’s pandemic insurance claim struck down
arrow_forward_ios

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

Loading...