Is there a new housing development in the works for East 78th Street? We can’t say for sure, but it definitely looks like some funny business is afoot on the block between Lexington and Third avenues.
The same buyer who snapped up a pair of townhouses at 153-155 for $12.2 million also has a purchase agreement for the property next door, according to city records. The 32-foot-wide townhouse at 149-151 East 78th Street belongs to the Ackerman Institute, a therapy center which put the house on the market in 2010 after losing $3.3 million to Bernie Madoff’s Ponzi scheme. Read More