Townhouse in New York costs about twice as much in just one year
An Upper East Side townhouse has redefined the real estate business, hitting the market for about double its asking price a year ago, according to The Post.
Alan Leavitt, managing member and founder of Lane Capital Partners, made a smart investment last June when he secured this property for $4.5 million, records show.
Flash forward to the present: This four-bedroom, six-bathroom property at 135 E. 65th St. is now for sale for $8.25 million.
If Leavitt manages to secure this princely sum, he will walk away with a staggering profit, nearly doubling his investment in just a year.
But there is an additional surprise. This building last changed hands in 2003 for $4.8 million. That means that when Leavitt signed the deal, he paid about $300,000 less than the previous owner.
This magnificent four-story Colonial Revival townhouse sits on a picturesque block and features a striking copper bay window on the parlor floor. With high ceilings, palatial rooms, original wooden floors and plenty of natural light, this home has a number of stylish features.
Every floor has been replaced and every room has received a fresh coat of paint, the listing says.
This residence is 20 feet wide and features over 4,500 square feet of interior space and an additional 3,900 square feet of floor space for possible expansion.
As you walk through the elegant marble entry foyer, you find yourself in a formal dining room that opens to a sun-filled, 20′ x 50′ south-facing garden with a bluestone patio.
The galley-style kitchen and adjacent breakfast room feature custom cabinetry, marble floors and countertops, and top-of-the-line appliances.
The living room and library are located on the salon floor. Charming arched doors lead to French balconies overlooking the garden below. The library itself is decorated with oak paneling and a fireplace.
As you head to the third floor you will find the south facing master bedroom with three arched doors with Juliet balconies, a cozy fireplace and a marble bathroom. A dressing room/study with walls lined with custom cabinetry completes this level.
On the fourth floor there are two bedrooms, each with its own bathroom. The north-facing suite even has a separate kitchenette for added convenience.
Sabrina Saltiel of Douglas Elliman represents this offering.
The Post has reached out to Leavitt for comment.
Notably, the townhouse market in the city has faced some challenges.
“The Real Housewives of New York City” star Sonja Morgan hasn’t been able to part with her townhouse at 162 E. 63rd St., even though she’s lowered the price over the years, currently sitting at $7.5 million .
And if that wasn’t enough, even billionaire Ron Perelman has had trouble selling his lavish townhouse at 36 E. 63rd St., which has been stagnating on the market since 2021 with an initial asking price of $60 million.
