Resident Magazine: April 2013

Page 78

161 East 107th Street $2.1M http://www.elliman.com/ new-york-city/161-east107-street-manhattan-tttinjf

214 East 50th Street $5M http://tours34.vht.com/ CGNY/T390717593

O

wning a townhouse in Manhattan is the new “American Dream” and has become one of the biggest luxury splurges for the privileged set. The townhouse is like a modern-day castle. Once you own it, you can do whatever you want to it as long as you don’t violate zoning regulations and the house is not landmarked. Madonna, who purchased a 57-foot wide townhouse on East 81st street for $32M would certainly agree as her home was fully

piece of the Big Apple. This year, celebrity Chef Marcus Samuelsson purchased a 4,668-square-foot townhouse at 30 West 120th Street in Central Harlem for almost $2.9 million. Last December, banker Joseph Baratta, the global head of private equity at Blackstone, purchased a six-story six bedroom limestone mansion located at 1 East 94th Street. According to public records, this gorgeous mansion which features a landscaped terrace with 2010, Mexican billionaire and one of the world’s richest men, Carlos Slim, purchased a century-old Beaux Arts (1890-1920 period) townhouse located at 1009 Fifth Avenue and East 82nd for a whopping $44 million. At the time, Slim’s purchase was one of the most expensive townhouse sales ever in New York City history. 428 East 84th Street

Resident April 2013

Why now are Manhattan townhouses all the rage with the rich

$4.4M

living where the kitchen, living room and bedrooms are located on

http://www.halstead.com/ sale/ny/manhattan/uppereastside/428-east-84th-street/ townhouse/3433279

details like zen-inspired gardens or private terraces as well as plenty of room to create personal gyms, wine cellars, screening rooms, gourmet kitchens and other design luxuries. However, the main appeal of owning a townhouse for any prospective purchasers is


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