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	<title>Observer &#187; Libet Johnson Sells Meryl Streep’s Old Townhouse for $12.8 M.</title>
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		<title>Observer &#187; Libet Johnson Sells Meryl Streep’s Old Townhouse for $12.8 M.</title>
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		<title>Libet Johnson Sells Meryl Streep’s Old Townhouse for $12.8 M.</title>

		<comments>http://observer.com/2007/10/libet-johnson-sells-meryl-streeps-old-townhouse-for-128-m/#comments</comments>
		<pubDate>Tue, 23 Oct 2007 22:20:31 -0400</pubDate>
					<link>http://observer.com/2007/10/libet-johnson-sells-meryl-streeps-old-townhouse-for-128-m/</link>
			<dc:creator>Max Abelson</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/transfers-libetwest12th1h.jpg" />This January, after 62 months, heiress <strong><span style="font-family: 'Exchange Text Bold'">Libet Johnson</span></strong> sold off an $18.5 million penthouse at Trump International on Central Park West, the last chunk of the 20,000-square-foot sprawl she’d once had at the building.
<p class="text">But it took her much less time to shake her 162-year-old, 25-foot-wide townhouse at <strong><span style="font-family: 'Exchange Text Bold'">19 West 12th Street</span></strong>. She bought the house from Meryl Streep in October 2005 for $9.1 million, and by early this year it was on the market for nearly $16 million. According to city records, she went to contract in June and closed late last month for <strong><span style="font-family: 'Exchange Text Bold'">$12.85 million</span></strong>, selling to an investment trust.</p>
<p class="text">The listing brokers, <strong><span style="font-family: 'Exchange Text Bold'">Brown Harris Stevens</span></strong> managing directors <strong><span style="font-family: 'Exchange Text Bold'">John Burger</span></strong> and <strong><span style="font-family: 'Exchange Text Bold'">Paula Del Nunzio</span></strong>, would not comment on the deal. </p>
<p class="text">But Mr. Burger was willing to describe the house: “Wonderful detail, excellent sunlight, and magnificent space,” he said. That hyperbole is justified: There’s a two-tiered, 54-foot backyard garden, plus a north-facing skylight hanging over the fifth-floor bedroom, plus a second skylight over its en-suite bathroom. On the other hand, the master bedroom two floors down has a wood-burning fireplace (and there are two more of those on the parlor floor below.)</p>
<p class="text">Ms. Streep made a nice profit from the house, too, selling to Ms. Johnson for over four times the $2 million she reportedly spent in 1995. Earlier that decade, the townhouse was owned by a trust belonging to another theater legend, the <em>Playbill</em> founder Gilman Kraft. </p>
<p class="text">But Ms. Johnson didn’t move in after the 2005 purchase. According to a source, she lent the house to Michael Douglas’ ex-wife Diandra and her new husband, guitar maker Michael Klein. So where will they go now that Ms. Johnson has sold the place off? They’ve reportedly bought a $15.25 million townhouse on East 65th Street, which Ms. Del Nunzio happens to have co-listed.</p>
<p class="text">&nbsp;</p>
<p class="text">&nbsp;</p>
<p class="text">&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/transfers-libetwest12th1h.jpg" />This January, after 62 months, heiress <strong><span style="font-family: 'Exchange Text Bold'">Libet Johnson</span></strong> sold off an $18.5 million penthouse at Trump International on Central Park West, the last chunk of the 20,000-square-foot sprawl she’d once had at the building.
<p class="text">But it took her much less time to shake her 162-year-old, 25-foot-wide townhouse at <strong><span style="font-family: 'Exchange Text Bold'">19 West 12th Street</span></strong>. She bought the house from Meryl Streep in October 2005 for $9.1 million, and by early this year it was on the market for nearly $16 million. According to city records, she went to contract in June and closed late last month for <strong><span style="font-family: 'Exchange Text Bold'">$12.85 million</span></strong>, selling to an investment trust.</p>
<p class="text">The listing brokers, <strong><span style="font-family: 'Exchange Text Bold'">Brown Harris Stevens</span></strong> managing directors <strong><span style="font-family: 'Exchange Text Bold'">John Burger</span></strong> and <strong><span style="font-family: 'Exchange Text Bold'">Paula Del Nunzio</span></strong>, would not comment on the deal. </p>
<p class="text">But Mr. Burger was willing to describe the house: “Wonderful detail, excellent sunlight, and magnificent space,” he said. That hyperbole is justified: There’s a two-tiered, 54-foot backyard garden, plus a north-facing skylight hanging over the fifth-floor bedroom, plus a second skylight over its en-suite bathroom. On the other hand, the master bedroom two floors down has a wood-burning fireplace (and there are two more of those on the parlor floor below.)</p>
<p class="text">Ms. Streep made a nice profit from the house, too, selling to Ms. Johnson for over four times the $2 million she reportedly spent in 1995. Earlier that decade, the townhouse was owned by a trust belonging to another theater legend, the <em>Playbill</em> founder Gilman Kraft. </p>
<p class="text">But Ms. Johnson didn’t move in after the 2005 purchase. According to a source, she lent the house to Michael Douglas’ ex-wife Diandra and her new husband, guitar maker Michael Klein. So where will they go now that Ms. Johnson has sold the place off? They’ve reportedly bought a $15.25 million townhouse on East 65th Street, which Ms. Del Nunzio happens to have co-listed.</p>
<p class="text">&nbsp;</p>
<p class="text">&nbsp;</p>
<p class="text">&nbsp;</p>
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