It’s Free to Look: Seven Stories of Madison Ave Beaux Arts Beauty

This 7-story, 22-room townhouse asks a jaw-dropping $72 million. To justify the price, the property offers gorgeous original architectural details, a sweet address (Madison and 72nd) and commercial potential. It was most recently the New York headquarters of Arader Galleries, although it looks like the space was kept semi-residential. Sotheby’s says it’s ideal for high-profile retail, but we hope it becomes some eccentric’s den of iniquity. The last thing this city needs is another architecturally significant J. Crew.

Try to imagine walls without framed prints as you click through.

SLIDESHOW: 1016 Madison Avenue

realestate@observer.com It’s Free to Look: Seven Stories of Madison Ave Beaux Arts Beauty