A huge corner townhouse that dates to the mid-1800s will soon be razed for a new residential development. The 11,370-square-foot building at 218 Madison Avenue at 36th Street was marketed as a development site and is in contract to sell for $18.5 million to ASRR Capital and Suzer Group, according to the Post. The developers plan to build a 10-story project with full-floor condos, underground parking, a gym, and a spa, and retail and "a restaurant led by an important chef" at street level. Even though the building has a long history (detailed by Daytonian in Manhattan), don't expect preservationists to come running; the house lost most of its architectural details long ago. But the few interesting features that do remain, like a stained glass skylight, will be saved and incorporated into the new building.
· Madison Avenue townhouse goes for $18.5M [NYP]
· The Archbishop's Mansion -- No. 218 Madison Avenue [DiM]