The Real Deal New York

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

The price was in the low-$40 million range
August 17, 2018 06:00PM

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