In the final days of 2012, high-end properties passed between wealthy Manhattanites like a cold in a classroom full of kindergarteners. Among the last properties to slip in before the tax codes changed on the first of the year was 14 East 94th Street, which traded hands for $24 million on December 20.
Coming at the end of a year that was gloriously triumphant for the trophy market, no one paid particular attention to this sale. It was one of three townhouse closings in the $20 million range that hit city records the second week in January, The Real Deal noted. The New York Times made a passing reference to the sale, burying it at the bottom of their weekly “Big Ticket” column that featured a more impressive townhouse sale.
They could be forgiven—the only remarkable thing about the townhouse at 14 East 94th Street was its price: more than $4,000 a square foot, which is among the highest prices ever paid for any townhouse in the city. Read More