Fashion designer and heiress Gloria Vanderbilt’s former townhouse in the Upper East Side is getting re-done up.
B+B Capital and Mink Development, partnering with Aurelian Development, have closed on the mansion at 39 East 72nd Street. The group purchased the property for $19 million from the Mangold family, the owners since the 1960s.
Designed by Robert B. Lynd, the six-story landmark building was constructed in 1881. The 27-foot-wide, almost 14,000-square-foot elevator building boasts 18-foot ceilings and is currently configured as five residences.
The property has been on and off the market for the past nine years, the New York Observer reported. The most recent asking price had been $21.5 million.
B+B Capital co-founder and managing director Ilan Bracha said in a statement that the developers are in the process of selecting an architect. The firms plan to restore the facade and reimagine the interiors. Can you say, “single-family conversion”?