When the townhouse at 122 East 70th Street sold to David and Susan Edelstein in 2010 for $12.85 million, neighbors feared that the paltry sale would bring down property values. It looks like that couldn't be farther from the truth, as the Edelsteins have recently listed the property for a whopping $24.2 million after less than two years of ownership. So what justifies doubling the price on the 8,000-square-foot home? We're not really sure. The Prudential Douglas Elliman listing says the elevatored townhouse underwent a "modern and classic renovation" and was "re-designed and re-imagined for modern living" with fully-renovated systems in the kitchen and bathrooms. The listing photos are surprisingly bad for this expensive of a property, but the brokerbabble is quite detailed. What say ye? Is it worth the price? Will 122 East 70th once again be pricechopped or will someone actually drop $24 million?
· Upper East Side Townhouse Tries for Twice the Price [NYO]
· 122 East 70th Street listing [Prudential Douglas Elliman]
· 122 East 70th Street coverage [Curbed]