UWS Townhouse Bought For $12.5 Million In 2011 Is Back On The Market For $20 Million In 2012

Thursday, October 11th, 2012

Homeowners are often warned that renovating their house or apartment doesn’t always equate to a significant increase in sales price.

That doesn’t appear to be the case with the brownstone at 41 W. 74th (between Columbus & CPW).

Purchased by a “South American industrialist” for $12.5 million in March 2011, the property has been converted from a two-family home to single-family townhouse and is back on the market for a cool $20 million.

Curbed has the details on the flip.

The freshly renovated home now includes 5 BR, 5 BA, 3 half-BA, two kitchens, a garden, a rooftop hot tub, a gym, and a wine cellar spread over nearly 10,000 square feet (an elevator helps you get around the six floor layout).

Here’s the listing from Sotheby’s:

A brilliant example of the perfect townhouse – adjacent to Central Park, 20 ft wide with over 9,700± sf plus an elevator, every inch of this 1910 home has been meticulously renovated.

The parlor floor features 12′ ceilings, living room with gas fireplace plus a beautifully paneled library and powder room.

The master bedroom on the 3rd floor has a bay window overlooking landmarked townhouses, master bathroom with enormous dressing room, and home office.

The 4th and 5th floors have 3 bedrooms, huge playroom, laundry room, and 3 bathrooms.

The top floor formal dining room has a soaring ceiling that caps with a huge skylight, powder room and kitchen. There is a terrace with a hot tub and grill.

The ground floor has a bedroom with full bathroom, powder room, professional kitchen with breakfast area, and a planted garden.

The basement has a gym, laundry room, wine cellar and storage rooms. Ready to move into and brilliantly designed, this is an incredible townhouse that is not to be missed.

In addition to the $20 million asking price, annual taxes total $106,415.



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