A 32-foot-wide townhouse with 23,661 buildable square feet at 149-151 East 78th Street sold for $18.25 million, it was announced today.
The five-story, 9,995-squre-foot property (aka the Ackerman Institute for the Family building) went to a developer who wishes to remain anonymous. Eastern Consolidated brokers Ben Tapper and Marion Jones represented the seller, while their colleague Brian Ezratty worked with the buyer. The intricate transaction included a 12-month close and a deposit of roughly 45% of the sale price that would be releasable from escrow toward the purchase and renovation of new space. Read More