Friday, May 5, 2017

'Enjoy the Royal Tenenbaum lifestyle' at the price-reduced Kate Spade house of 12th Street

[Image via Sotheby's]

Last June, we noted that this lovely single-family townhouse at 215 E. 12th St. between Second Avenue and Third Avenue was on the market for $16 million.

The place is owned by a co-founder of the Kate Spade brand (and dubbed the "Kate Spade House" by The Real Deal) ... by October, the ask had been reduced to $12 million.

And now! As Curbed noted Wednesday, there's a new broker and price — $9.95 million. Time to pounce?

Here's the new pitch via Sotheby's:

25 feet wide and voluminous interiors set this home apart from the pack. Vast parlor floor with 13½ foot ceiling height, two fireplaces and floor to ceiling windows allows for ballroom sized entertaining space.

5,000 square feet of interior space with additional FAR that may allow for an additional 5,000 square feet.

Many options for next owner starting with garden level apartment/den. 1-2 bedrooms with 2 full bath and kitchen has separate entrance and Garden access.

Glorious double parlor floor with eat-in kitchen and staircase to the garden level.

Third floor currently has 3 bedrooms and 2 baths and could be the ultimate master suite.

Fourth floor has 3 bedrooms, full laundry, full bath and large sky lighted den.

Enjoy the Royal Tenenbaum lifestyle or develop into a one-of-a-kind mansion.

The Royal Tenenbaum lifestyle????

Public records show that the home last changed hands for $4.3 million in 2007.


Anonymous said...

Okay, I could never afford this, but that is a huge price drop.

Anonymous said...

Price drop probably about the value of the development rights.

Anonymous said...

I wonder if the incoming nearby hotel is also depressing the price for an upscale home of this sort...even with a luxurious inside, do you want to be bumping into more tourists every time you walk outside??

Cosmo said...

Knock off another $9M and I'll take it!

cmarrtyy said...

This is the second price drop in a week by the rich and famous and greedy in the EV. Good. GET OUT!

Anonymous said...

You'd have to be certifiably nuts to pay that much for this place. Needs some serious exterior repair work that will cost $$$ - just look at the condition of the windows on the front facade in that photo!

I believe there are zoning height restrictions on the block, thus not clear how anyone could "double" the size of the house legally. Another 5,000 sq. feet? I don't believe it.

Anonymous said...

My fear is that any new owner will be an even bigger jerk than the current one has proven to be: she's known for insanely loud parties that go well beyond midnight, and for not having the slightest consideration for anyone else on the block.

Anonymous said...

See paragraph 10. KS brand just sold to Coach for $2.5 BILLION.

Anonymous said...