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Backless Shell of UES Townhouse Sells for Nearly $19 Million

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When a landmarked Upper East Side house sells for close to its multi-million dollar asking price, one would expect it to be in pristine move-in condition. Not so with 12 East 82nd Street, a 21-foot wide townhouse with a marble facade and limestone trim. The Observer reports that the empty, backless building has gone into contract for close to $19 million, despite being, quite literally, a hollow shell of a townhouse?and it's been this way for more than three years. Owner Janna Bullock, a Russian developer with a penchant for flipping properties, purchased the house in 2006 for $14 and embarked on a renovation. The Landmarks Preservation Commission approved her plans, which included significant changes to the back, but Bullock lost interest in the renovation around 2009, around the same time that the DOB began fielding complaints about the rear wall missing.

The house and its half-hearted renovation was featured in the Times last April, and Bullock gave up on the renovation in November, listing the house for $15 million. There was so much interest that the brokers at Sotheby's upped the price by $4 million in December. The listing notes that the place was to be built-out, but it left out the tidbit of it missing the entire rear wall, a scene which the Times describes as "five stories of jagged bricks, exposed beams and a sad blue tarp, shredded as if by desperate animals, hanging halfheartedly across a few yards of the open building." Click through for a photo.
· Hollow Shell of a Townhouse in Contract for Close to $19 M. Ask [NYO]
· Listing: 12 East 82nd Street [Sotheby's International Realty]
· Meet the Neglected Wrecks of Manhattan's Gold Coast [Curbed]

12 East 82nd Street

12 East 82nd Street, New York, NY