Bear Stearns Heiress Finally Sells UES Townhouse for $23M

It took more than a decade, but an Upper East Side townhouse has finally sold.

Alison Cayne, Haven’s Kitchen founder and daughter of former Bear Stearns CEO James Cayne offloaded her property at 10 East 75th Street for $23.4 million, according to public records reported by the New York Post. The deal for the 10,500-square-foot home breaks down to roughly $2,200 per square foot.

Cayne’s pursuit of a sale spanned roughly a dozen years. She first listed her home in 2012 for $33.5 million, a decade after purchasing it from the Hewitt School for $8.5 million. The home has since been on and off the market, at one point asking as much as $38.5 million.

The 1920s home includes six bedrooms, an elevator and a landscaped roof garden. Following a gut renovation, it was updated by architect Peter Pennoyer and designer Victoria Hagan.

The buyer’s identity is obscured by a limited liability company registered in Delaware. Brown Harris Stevens’ John Burger held the listing.

Cayne has lived in the West Village since 2012, when she bought a townhouse for $9.5 million.

The deal for the Upper East Side property comes as Manhattan’s Downtown townhouse market notched a new high with a historic townhouse sale in Greenwich Village.

An unknown buyer earlier this week paid $72.5 million in an off-market deal for the double-wide home on West 11th Street, marking the most expensive townhouse sale in Downtown Manhattan’s history. It easily surpassed the previous $59 million record, though an Upper East Side abode holds the city record at $77.1 million in 2019.

— Holden Walter-Warner