Bellmarc president sells UES townhouse for $6.5M

Bellmarc Realty President Neil Binder has sold his 16-foot-wide glass townhouse on the Upper East Side for $6.5 million, according to public records filed yesterday with the city. The residence is located at 250 East 68th Street.

The real estate executive, who bought the house for $3.7 million in 2005, first listed the home for sale in February 2011 for $9.5 million. The asking price later dropped to $6.5 million. The property was listed by Lisa Strobing of Bellmarc.

Binder bought the home after outgrowing his apartment at 334 West 86th Street in 2005. He gut-renovated the townhouse, adding a fifth story and expanding into the back garden, according to a previous report by the New York Times. The nine-room home now features a granite and marble foyer, a grand dining room with white crystal marble floors, a Bulthaup kitchen with high-end appliances, two bedrooms and a floating marble staircase that connects all floors.

Binder said he’d decided to sell off the home once his daughters moved out. “It was just too much house for two people,” he said. “I wasn’t excited about the idea of intercomming my wife to say hello.”

He and his wife Nina have since moved in to a smaller apartment, though Binder declined to comment on its location.

The buyer was Eli Haddad, the president of the property investment firm Elijah Equities. Haddad declined to comment on the deal.

As previously reported, Bellmarc Realty closed its second-floor Madison Avenue location earlier this year in favor of A New Retail Storefront On Lexington Avenue. With approximately 250 agents, it is one of the city’s largest residential brokerages.