Another megamansion is coming to the Upper East Side, and an inked deal for the property topped Manhattan’s luxury market before it’s even combined.
The gutted property at 34-36 East 70th Street, asking $24.5 million, was the priciest of 29 homes in the borough asking $4 million or more to land signed contracts last week, according to Olshan Realty. The total, which dropped below 30 for the first time in six weeks, was down from 34 in the previous period.
The pending deal for the Lenox Hill property comes with plans to combine and renovate the two homes into a five-story single-family mansion spanning 12,500 square feet. The plans, which have already been approved by the city’s Landmarks Preservation Commission, also include eight bedrooms, seven bathrooms, a back garden and two terraces.
The property last traded for $18.3 million in 2018. It first hit the market in March 2024 with a $36 million asking price and has since drifted on and off the market with different brokerages, the latest of which was the Modlin Group’s Adam Modlin, who found a buyer for the home.
Another double-wide mansion in the neighborhood holds the record for the priciest townhouse sale ever achieved in the city. Financier Philip Falcone and his wife sold their townhouse on East 67th Street for nearly $80 million in 2019.
The second most expensive home to land an inked deal was a penthouse at 459 West Broadway, last asking just under $14 million. The co-op has been searching for a buyer since 2023, when it hit the market asking just under $19 million.
The apartment spans 4,300 square feet and has four bedrooms and four bathrooms. It also features a glass-enclosed gym, wraparound terrace and formal dining room with 18-foot ceilings and a wood-burning fireplace.
Serhant’s Kristina Paces, Ryan Serhant and Jennifer Alese had the listing.
Of the 29 properties that snagged signed deals last week, 18 were condos, five were co-ops and six were townhouses.
The homes asked a combined $246 million, which works out to an average of $8.5 million and a median of $7.5 million. The typical home was on the market for more than a year and had a discount of 17 percent.
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New York
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