clock menu more-arrow no yes mobile

Filed under:

Upper East Side's opulent Dommerich Mansion sells for $52M

New, 4 comments

The historic Dommerich Mansion has been scooped up by billionaire Joshua Harris

Courtesy Douglas Elliman.

[UPDATE]: According to the Wall Street Journal, the Upper East Side’s century-old Dommerich Mansion was purchased by billionaire Joshua Harris for $52 million. Harris once pitched an offer of $47 million on the 21,000-square-foot home, which once wanted as much as $72 million, but ultimately had to drop an additional five million. The townhouse sale is the second highest price ever paid for a residential home in New York City.

It took some time—and a major price chop—for the Upper East Side’s Otto Dommerich Mansion to find a buyer, but the right billionaire finally came along. According to the New York Post, Joshua Harris, co-founder of Apollo Global Management and owner of the Philadelphia 76ers basketball team, is the proud new owner of the extravagant megamansion.

According to the Post’s sources, Harris snagged the 21,070-square-foot mansion, designed by Henry C. Pelton, for somewhere around $45 million. Reportedly, the billionaire initially offered what the Post’s insider calls “a ridiculously low offer for $47 million” back when the home was still asking $72 million. But this summer, the price was loweredto $59 million, and Harris was able to snag a deal. (If you can call paying $45 million for a home a “deal.”)

If it does, in fact, close for around $45 million, it won’t come close to breaking the record for a townhouse sale in New York; that’s still a $79.5 million mansion on East 64th Street, which sold for $79.5 million this spring.

To recap the Dommerich Mansion’s extensive list of features, it has two elevators, a “spectacular curved staircase,” 14 marble fireplaces, a stained glass dome, three massive terraces, an indoor pool, and a squash court spread out throughout its seven floors. It was once part of a stretch of opulent homes on East 69th Street that led the block to be called “Bankers’ Colony.”