This unassuming Upper East Side townhouse at 158 East 81st Street has a few things going for it, among them a 1,000-square-foot backyard, 4,188-square-feet of development rights, and a location next door to Madonna. The material girl has been building herself a palace on the Upper East Side?and now she'll have a new neighbor on the other side of its gates. 158 East 81st Street has sold for $9.245 million, according to a deed that hit public record this afternoon. The buyer is an LLC; the seller appears to be the estate of the home's most recent owner.
The property was asking $9.5 million when it hit the market this spring, and the available development rights mean that the buyer might embark on a little mansion creation. Of course, it won't be anything to rival Madonna's, which added a dance studio and rooftop terrace to a property that already had two kitchens, two libraries, 13 bedrooms, and a backyard three times the size of that at neighbor 158.
· 158 East 81st Street coverage [Curbed]
· Madonna coverage [Curbed]