Written by 3:41 am Wealth Building Views: [tptn_views]

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

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, founding father of real estate private equity firm Madison International Realty. Dickerman bought the house 10 years ago for $15.5 million, via a shell company, based on property records.

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

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

The townhouse features six bedrooms, six baths, two powder rooms and 4 woodburning fireplaces. The major bedroom takes up a whole floor, and boasts a walk-in closet and sitting room.

A staircase connects the degrees.
Tim Waltman of Evan Joseph Studios
A view of the grand kitchen.
Tim Waltman of Evan Joseph Studios
The perks also include loads of built-in shelving space.
Tim Waltman of Evan Joseph Studios
A bedroom that comes equipped with a hearth.
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 lounge that overlooks a big, 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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