Although it was just a couple of months ago, it's old news that mother to Anderson Cooper and heiress Gloria Vanderbilt's former five-story landmarked townhouse at 39 East 72nd Street finally sold after sitting on the market since the prehistoric days of 2005. The new news is this: developers B+B Capital and Mink Development are refashioning the five-story "envelope" of a home into high-end floor-through condos. According to CO, the $19 million buy included air rights for the site, although the developers have yet to clarify if their redevelopment plan includes an upward expansion.
The multi-family dwelling still has some original details from its Vanderbilt days, including a V above the parlor-level fireplace, says TRD. Prior to the March sale, the 14,000-square-foot building had, for the past nine years, jumped on and off the market. Originally asking $17 million in 2006, the envelopeor obvious gut-jobupped the ante to $18 million in 2010, and then returned to the market for an unholy $25 million in 2012. In it's most recent stint, the home was asking $21.5 million before closing for $19 million. According to the Observer, the building was sold by its most recent owner, Daniel Mangold.
· Trio of KW Brokers Score $13M to Redevelop UES Gloria Vanderbilt Home [CO]
· Three Manhattan residential properties hit market for more than $20M each [TRD]
· Former Home of Gloria Vanderbilt Listed for $21.5 M. Enters Contract [NYO]