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UES Mansion That Once Housed King of Pop Sells For $32 Million

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The building has been called home by many recognizable figures like Michael Jackson and a law partner of President Grover Cleveland. The big price tag landed the spot atop the list of priciest sales in the entire city last month, city property records show. Photo Credit: CityRealty.com

The Upper East Side just saw a mansion with six stories sell for almost $32 million, according to The New York Times. The building has been called home by many recognizable figures like Michael Jackson and a law partner of President Grover Cleveland. The big price tag landed the spot atop the list of priciest sales in the entire city last month, city property records show.

Marc Lasry and his wife listed the house. Lasry is best known as the co-owner of the N.B.A. team the Milwaukee Bucks. He manages a hedge fund too.

The Jewish Voice had reported on the property first being listed a year ago. The property located at 4 E. 74th St. between Fifth and Madison Avenues asked for $39 million, which was lowered to the nearly $35 million for which it just sold. The listing by Adam Modlin at Modlin Group described it as “located on one of the world’s most prestigious Central Park residential blocks.” The luxurious home was designed in the Beaux-Arts tradition by American architect Alexander Welch of Welch, Smith and Provot. Welch is well known for Hamilton’s residence in Harlem.

The 119-year-old building still retains the detailed carvings on its original limestone façade. The home has roughly 12,745-square-feet of luxury space, and stands on a lot that is 25-feet-wide and 107-feet-deep. Located less than a block away from Central Park, it boasts 16 rooms and a grand parlor floor. The exquisitely updated home features seven bedrooms, eight bathrooms, two powder rooms, and a staff room with its own bathroom.

High ceilings and plenty of sunshine make the house feel very warm and welcoming. Extra amenities include a media room, 10 fireplaces, original oak wood floors and paneling, an abundance of moldings throughout, a magnificent detailed oak staircase, and an elevator. The home has an abundance of outdoor space, including a first floor garden terrace and a rooftop deck with full views of the Upper East Side.

Reports indicate that Michael Thomas Danson, the chief executive of GlobalData, may be the new owner of the prestigious property. The company is based in London and works in digital media. A $15 million mortgage that he took out on the home gives a clue that he bought it, according to the public filing.

While the sale was the most expensive in the city last month, it wasn’t the only one to break $30 million. The ritzy Park Avenue, over at 60th Street, saw an apartment at 520 Park Ave. that takes up a full floor go to an unknown buyer for $31.5 million. The New York Times reported that “The sponsor unit, No. 36, has about 4,600 square feet, with four bedrooms, five baths and views of Central Park. The limestone building, designed by Robert A.M. Stern Architects, was developed by Zeckendorf Development; closings began in early September.”

By: Kara Kaiser

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