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Baby-clothing magnate buys Scribner mansion for $16M
The home sold for $22.5M in 2014
The Upper East Side townhouse once home to publishing magnate Arthur Scribner sold for $16 million, according to property records filed with the city Wednesday.
The mansion at 39 East 67th Street was recently asking $18.75 million, below the $22.5 million it last sold for in 2014. The buyer is David Cayre, a member of the family that owns baby clothing brands Buster Brown and Kids Today.
The seller is 39 East 67th LLC, controlled by Caroline Ryan.
The five-story home was originally had an asking price of $31 million when it hit the market two years ago. Last year, the price was cut to $24.5 million. The 11,000-square-foot home includes a four story extension with a glass-enclosed conservatory on top.
New York-based Cayre Group was founded in 1987. In addition to its baby clothing brands, the company’s lines include women’s clothing, according to Cayre’s website.