39 East 74th Street, a 20-foot-wide 1879 townhouse purchased in 2005 by investment banker Eric J. Gleacher, who dropped $11 million on the house and untold millions more on a thorough renovation, adding an additional floor (there are now six) and a hydraulic elevator. Now, with the kids all grown up, the 6,700-square-foot, 16-room house finds itself back on the market for $29,995,000. The broker told the Times, "All the triple-mint houses have been sold out. There is not much inventory. That's why we can basically name a price." 16 East 95th Street and 120 East 71st Street, having spent a combined three years on the market, might beg to differ, but it's tough not to imagine that 39 East 74th Street's chef's kitchen, high ceilings, herringbone floors, garden patio, and multiple terraces are going to appeal to some extravagant millionaire out there.
· Listing: 39 East 74th Street [Corcoran]
· Warmly Renovated in Homage to Blue [NYT]