China’s most famous woman, Yue-Sai Kan, already owns a tony, Sutton Place townhouse. But that didn’t stop her from snatching the one next door.
The cosmetics tycoon recently purchased neighbor Sandra McConnell’s 23-room dwelling for $16,000,000, according to a source close to the deal.
The red brick, Georgian-style townhouse was a direct deal (sans broker), meaning that a pricey commission vanished, said the source. The luxurious property was previously listed for $19.5 million, with Dolly Lenz of Prudential Douglas Elliman.
“It is one of the grandest houses in New York,” said Laurance Kaiser IV, president of Key-Ventures Realty, and an expert on luxury homes.
The 11,500-square-foot townhouse offers river views from northern and southern exposures, and provides access to a private community garden-shared with the likes of United Nations Secretary-General Kofi Annan and architect I.M. Pei.
Because Ms. Kan’s ritzy, Sutton Place soirees often find their way into the city’s gossip columns, Manhattan’s social set will be watching closely. Now owning both residences, Ms. Kan can sell her current residence (which is smaller), make extensive renovations, or combine them into one massive party palace.
– Michael Calderone