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Plastic Surgeon Still Wants a Big Profit for His Airy Townhouse

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This is a story of New York real estate. In 1995, plastic surgeon Z. Paul Lorenc bought a townhouse on 74th Street between Lexington and Park avenues, paying $1.685 million. He likely advanced in his career, renovated the place, and spent the next 20 years enjoying his six-story home. Bult in 1910, it has original details and stately decor as well a garden, roof deck, a family room with a vaulted glass ceiling, and another glassed-in atrium. When the house went on the market in 2009, asking $17M, and then again in 2012, PriceChopped to $14.6, there was a lot of hoopla and rigamarole over its massive number of fireplaces. Now, because the market is bonkers, Lorenc must be empowered to try his luck again, putting it on the market for $17.25 million. Two decades is a long time for it to appreciate, but a profit that huge would really be something. (Especially since it didn't sell the first two times.)

· 161 East 74th Street [Elliman via StreetEasy]
· Return to the House of a Half-Dozen+ Fireplaces [Curbed]
· On the Market: Get Fired Up Over This UES Townhouse [Curbed]
· All 161 East 74th Street coverage [Curbed]