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

TRD 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
29 Beekman Place and Princess Ashraf Pahlavi (Getty, Courtesy of Zillow)

Inside the battle for an Iranian princess’ Midtown mansion

Inside the battle for an Iranian princess’ Midtown mansion
1165 Madison Avenue and Naftali Group's Miki Naftali (Credit: Google Maps and Gonzalo Marroquin/Patrick McMullan via Getty Images)

Naftali Group plans another Upper East Side condo

Naftali Group plans another Upper East Side condo
Michael Bloomberg and the Westlands in Meeker, Colorado (Credit: Bloomberg by Toni L. Sandys/The Washington Post via Getty Images)

Michael Bloomberg picks up $44M estate in Colorado

Michael Bloomberg picks up $44M estate in Colorado
Sherry-Netherland Hotel at 781 Fifth Avenue and Guo Wengui (Credit: iStock)

Chinese fugitive willing to take $12M loss at Sherry-Netherland

Chinese fugitive willing to take $12M loss at Sherry-Netherland
781 Fifth Avenue (Credit: StreetEasy, Beyond My Ken via Wikipedia)

Full-floor Sherry-Netherland pad relists — at nearly half its 2015 ask

Full-floor Sherry-Netherland pad relists — at nearly half its 2015 ask
The former Food Emporium space at East 59th Street and First Avenue and a Trader Joe's (Credit: Google Maps, Wikipedia)

Trader Joe’s to open new UES store under Queensboro bridge

Trader Joe’s to open new UES store under Queensboro bridge
Jeff Zucker and 32 East 64th Street, Apt 3W (Credit: Getty Images)

CNN chief lists Lenox Hill co-op for $17M

CNN chief lists Lenox Hill co-op for $17M
166 E. 81st St. (Credit: Google Maps, iStock)

UES townhouse once described as “infested with vermin” goes into contract

UES townhouse once described as “infested with vermin” goes into contract
arrow_forward_ios

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

Loading...