Real estate exec finds a buyer for lavish $16M NYC townhouse

Real Estate

This turn-of-the-century, and tricked-out, Upper East Side townhouse asking $15.99 million has found a buyer.

The seller is Ronald Dickerman, founder of real estate private equity firm Madison International Realty. Dickerman bought the home 10 years ago for $15.5 million, via a shell company, according to property records.

The 21-foot-wide residence, at 159 E. 61st St., is around 7,500 square feet. It’s in contract, but the final sale price isn’t yet known.

Gut-renovated, it’s anchored by a meandering staircase, with additional light from a top-floor skylight. But if you don’t feel like climbing all those stairs, there’s also a four-passenger elevator made of walnut and ostrich leather.

The townhouse features six bedrooms, six baths, two powder rooms and four woodburning fireplaces. The main bedroom takes up an entire floor, and boasts a walk-in closet and sitting room.

A staircase connects the levels.
Tim Waltman of Evan Joseph Studios
A view of the grand kitchen.
Tim Waltman of Evan Joseph Studios
The perks also include plenty of built-in shelving space.
Tim Waltman of Evan Joseph Studios
A bedroom that comes equipped with a fireplace.
Tim Waltman of Evan Joseph Studios
An al fresco fireplace.
Tim Waltman of Evan Joseph Studios
The exterior.
Tim Waltman of Evan Joseph Studios

Details include 12½-foot ceilings, a library/den/home office with custom built-ins, a chef’s kitchen and a sunken living room that overlooks a large, two-level garden with surround sound, a gas fireplace and a grill.

There’s also a finished basement with a gym, wine storage, an “industrial size” laundry room and “staff quarters.”

The listing brokers are Ryan Serhant, Ariel Sassoon and Chase Landow of Serhant. 

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