Financier Andrew Farkas’s glorious Upper East Side townhouse sells for $41M

Real estate investor Andrew Farkas has found a buyer for his turn-of-the-century townhouse at 12 East 73rd Street, a decorated limestone building the billionaire decided to list in June citing “personal reasons.” And keeping true to form as a financial titan, Farkas has turned a pretty penny on the house. The Island Capital Group CEO purchased the property for $23 million in 2007—it had less recently sold in 2003 for $6.8 million, but that’s another story—and nabbed $41 million on its sale, according to city records.

Farkas tapped Daniel Romualdez, the interior designer behind SOM’s 252 East 57th Street and Robert A.M. Stern’s 70 Vestry, to undertake an ambitious renovation of the 10,410-square-foot house that would transform it into "the most luxurious townhouse currently on the market," per its listing.

And it is indeed luxurious: the renovation utilized “the best of materials and systems while restoring the elegance of old world detail.” Although its listing is sparse on the particulars, the photos speak for themselves.

Listed for $42.5 million, the townhouse sold for a slightly reduced $41 million to anonymous LLC 12 VQ. The townhouse was taken off the market in early December.

Corcoran

• Listing: 12 East 73rd Street [Corcoran via StreetEasy]
• After Gut Renovation, Lavish Upper East Side Townhouse Wants $42.5M [Curbed]
• Lavish $43M Upper East Side townhouse is off the market [Curbed]