The Real Deal New York

UES Parge House hits the market for $12M

Cushman brokers have the listing
June 21, 2018 08:14AM

The Parge House

The Parge House on the Upper East Side is hitting the market for $12 million.

The mansion currently has a 3,375-square-foot owner’s triplex, with an outdoor terrace and a private entrance and address, 130½ East 65th Street. It also has three market rate one-bedroom units. Retailers Casa Del Bianco and Manolo Costa New York also rent space in the building.

The Parge House was owned by late art dealer Elaine Graham Weitzen, who gifted pieces to the Metropolitan Museum of Art and the Guggenheim, the report said.

The listing brokers for the property — on East 65th Street and Lexington Avenue — are Cushman & Wakefield’s Guthrie Garvin, Michael Gembecki and Alexander Ball.

The building was designed by architect Frederick Sterner as a single-family mansion in 1923.

Amid a glut of inventory, luxury homes have been seeing price reductions as they spend a longer time on the market.

In May, Aby Rosen sold his nearby Upper East Side townhouse for $18.4 million. The 6,300-square-foot unit had been listed for $19.94 million. [NYP] — Meenal Vamburkar