Upper East Side Townhouse Fetches $10M More After 15 Years

An opulent Upper East Side townhouse has sold for $14.75 million, over $10 million more than what the owner originally bought it for. Michael Applebaum, the senior VP for Global Wealth Management at Merill Lynch, purchased the 5-story building located at 21 East 83rd Street back in 2000 for a comparatively paltry sum of $3.375 million. He gut renovated the place to make way for a lavish new home with six bedrooms, 3.5 bathrooms, and several pieces of antique furniture sourced directly from France, according to the brokerbabble. The building also features a double height ceiling in the entrance foyer, an elevator, and a planted garden. Applebaum listed it on the market back in April this year for $18 million, so while the sale might be below the asking price, it's no mean feat considering Applebaum's purchase price in 2000.

· 21 East 83rd Street Listing [StreetEasy]
· Luxurious Upper East Side Townhouse Seeks 433% Profit [Curbed]
· Sold Stuff Archives [Curbed]