New UES Condo Conversion is 50 Percent Sold; $29M Triplex Penthouse Still Up For Grabs

40 East 72nd Street's $29M Penthouse; Sotheby's International Realty

Wednesday, Jun 21, 2017 By Sandra Herrera

Years after the initial sales launch, this Upper East Side luxury condo conversion at 40 East 72nd Street is finally 50 percent sold. The news comes from a recent Instagram post from Nikki Field, a broker from Sotheby's International Realty, the firm behind the sales and marketing of the building. Originally designed as a rental in 1928 by Schwartz and Gross, the transformation of 40 East 72nd Street to a boutique collection of just 6 residences spread throughout five stories was brought forth by Axia Development. Renowned architects Jacques Grange and Barry Rice were enlisted to enhance the interior spaces with beautiful finishes and extremely spacious layouts.

There are now three units remaining: a three-bedroom, three-and-a-half bathroom residence for $11.4M, a 3,402-square-foot maisonette residence for $12.3M, and most impressively, a massive 6,060-square-foot triplex penthouse for a whopping $29M. The four-bedroom, five-bathroom penthouse features three balconies, three terraces, a media room, and a library.

Penthouse Interiors; Sotheby's International Realty

Enlarge Image

Condo conversions are all the rage these days because buyers are able to get the best of both worlds - pre-war charm with all the modern-day conveniences - and 40 East 72nd Street is no exception. Aside from the landmarked facade, the building has been extensively renovated. Every residence offers private landings, 10 ft ceilings, outdoor space, and oversized galleries and rooms. A long list of flashy amenities isn't really UES style, so the elevator building only offers a full-time doorman, but the homes' terraces, gardens, wood-burning fireplaces, washers/dryers, storage, and high-end appliances, custom hardware, plaster moldings, and custom craftsmanship more than compensate for that.

You can check out the official site for 40 East 72nd Street here and the listings on CityRealty here.

Landmarked Facade

In this article:

Select which properties are of interest to you:

Gallery Gossip Girl: The Extraordinary in the Ordinary +Extraordinary listings with room for an art collection

Scary Good Listings: Availabilities in haunted NYC properties

12 newly revealed NYC projects include the condo transformation of the MONY Building and 3 new housing lotteries

Best New Financial District Rentals: FIVE amenity-packed buildings in FiDi offering up to 3 months free rent

Fireplaces in NYC homes: The romance, reality and listings to warm up to

Byron Allen’s $34M 220 CPS buy leads over $420M in Manhattan sales; Siggi’s founder buys in Tribeca, Dick Grasso sells

Sales launch at RAMSA’s 200 West 88th Street, a rare new Upper West Side condo with palatial layouts

Price Cuts: Millions slashed off trophy penthouses at One Hundred Barclay Tribeca; Historic Gramercy townhouse down by $9M

New UES Condo Conversion is 50 Percent Sold; $29M Triplex Penthouse Still Up For Grabs

In this article:

Select which properties are of interest to you:

Related Listings

Related Links

Tags:

Related Articles

Gallery Gossip Girl: The Extraordinary in the Ordinary +Extraordinary listings with room for an art collection

Scary Good Listings: Availabilities in haunted NYC properties

12 newly revealed NYC projects include the condo transformation of the MONY Building and 3 new housing lotteries

Best New Financial District Rentals: FIVE amenity-packed buildings in FiDi offering up to 3 months free rent

Fireplaces in NYC homes: The romance, reality and listings to warm up to

Byron Allen’s $34M 220 CPS buy leads over $420M in Manhattan sales; Siggi’s founder buys in Tribeca, Dick Grasso sells

Sales launch at RAMSA’s 200 West 88th Street, a rare new Upper West Side condo with palatial layouts

Price Cuts: Millions slashed off trophy penthouses at One Hundred Barclay Tribeca; Historic Gramercy townhouse down by $9M

Search

Market Data

Market Insight

CityRealty

My Account