UES parking garage marketed as manse for $42.5M

Price at 177 East 73rd Street has been cut from $50M

TRD New York /
Jan.January 28, 2016 11:12 AM

Call it real estate’s version of “Pygmalion” — taking a former parking garage on the Upper East Side festooned with signs such as “park” and “$7.60 per hour” and transforming it into a tony townhouse.

The elegant, Beaux Arts, five-level garage at 177 East 73rd Street is for sale for $42.5 million and would give the owner the space to build a 40-foot-wide home from scratch.

Design firm The Renovated Home is working on plans to create a 17,200-square-foot home with an eight-car garage, basketball court, home theater and high ceilings, the New York Post reported.

There are only 14 similarly-sized mansions in the Upper East Side, and building costs would tally about $9 million, the tabloid reported.

Paula Del Nunzio of Brown Harris Stevens now has the listing, but in May last year it was Sotheby’s International Realty’s Nikki Field. At that time, the owners were asking for $50 million. [NYP]Dusica Sue Malesevic


Related Articles

arrow_forward_ios
Christopher Cerf and 146 E 62nd St (Twitter, Google Maps, Pixabay)

Mellon Foundation buys longtime home of Sesame Street composer

Mellon Foundation buys longtime home of Sesame Street composer
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
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
Epstein's Mansion at 9 East 71st Street and the Frick Museum at 1 East 70th Street with Jeffrey Epstein (Credit: Getty Images, Google Maps, Wikipedia)

Preservationists want the Frick to buy Epstein’s old mansion

Preservationists want the Frick to buy Epstein’s old mansion
arrow_forward_ios

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

Loading...