Joseph Chetrit’s townhouse sale is one of the largest such deals of the year

The price was in the low-$40 million range

New York /
Aug.August 17, 2018 06:00 PM

Joseph Chetrit and 110-118 East 76th Street

Developer Joseph Chetrit sold one of his three Upper East Side townhouses, marking one of the priciest townhouse deals to close so far this year.

The property at 110 East 76th Street sold for a price in the low-$40 million range, the Wall Street Journal reported. It was originally asking $51 million.

The largest of the trio, the house is 36 feet wide and measures 15,000 square feet. The design features marble, onyx and brass finishes.

Chetrit paid a combined $26 million for six adjacent brownstones and combined them into three, the report said. Another townhouse is on the market for $39 million, the Journal said.

The properties are represented by Douglas Elliman’s Noble Black, Richard Steinberg and Roger Erickson.

Earlier this year, HNA Holdings Group sold an UES mansion for $90 million, less than a year after buying it. HNA bought it from art heir David Wildenstein in April 2017 for $79.5 million. It’s the largest townhouse sale this year, the report said. [WSJ] — Meenal Vamburkar


Related Articles

arrow_forward_ios
From left: JP Morgan Chase CEO Jamie Dimon, Citigroup CEO Jane Fraser and Texas Capital Bank CEO Rob Holmes (iStock, LowneyJen/Wikimedia, World Economic Forum/Wikimedia, Texas Capital bank)
Rise in home prices frees banks to offload mortgage risk
Rise in home prices frees banks to offload mortgage risk
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
PHE at 51 Jay Street and 4 Hunts Lane (Compass)
Dumbo penthouse leads Brooklyn’s luxury market
Dumbo penthouse leads Brooklyn’s luxury market
605 3rd Street and Casper's Luke Sherwin (Leslie Garfield, Getty)
Firm offer: Casper co-founder pays $500K over ask in Park Slope
Firm offer: Casper co-founder pays $500K over ask in Park Slope
Housing prices broke records for the third consecutive month in May, surging 16.6 percent over May 2020 (iStock)
Nowhere to go but up? Home prices smash another record in May
Nowhere to go but up? Home prices smash another record in May
34-20 Junction Blvd in Jackson Heights and Shorewood CEO S. Lawrence Davis (Google Maps, Shorewood)
Shorewood plans 227K-sq ft mixed-use project in Jackson Heights
Shorewood plans 227K-sq ft mixed-use project in Jackson Heights
Soho’s zoning madness, such as artists-only lofts and a ban on ground-floor retail, may finally change with a proposed rezoning.
The shopping district that banned retail: Soho’s incoherent zoning
The shopping district that banned retail: Soho’s incoherent zoning
(Illustration by Alexis Manrodt for The Real Deal)
The Real Deal’s Prodigy exposé wins NY Press Club Award
The Real Deal’s Prodigy exposé wins NY Press Club Award
arrow_forward_ios

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

Loading...