Russian developer and interior designer Janna Bullock has finally unloaded an empty Upper East Side lot at 34 East 62nd Street, albeit for a fraction of its original $40 million ask. The Real Deal reports that the buyers are Woodbine Company, who paid $11.9 million for the property. Bullock was marketing the property between Madison and Park avenues as a development site, after a gas explosion leveled its townhouse, taking owner Nicholas Bartha's life, in 2006. It's speculated that Bartha caused the explosion in order to avoid forking the property over as part of a divorce settlement.
When Bullock first listed the site, she included plans for a Preston Phillips-designed eco-friendly townhouse, which at $40 million makes a whole lot more sense. Bullock nearly foreclosed on the property last June, so this sale isn't coming a moment too soon.
· Janna Bullock sells UES dev site for a fraction of $40M ask [TRD]
· Site of Blown-Up UES House Returns for $40M With Green Plans [Curbed]