Friday Diversion: BofA Sells Townhouse, Tory Burch Selling/Buying in Southampton

Posted in Commercial, Commercial Properties, Manhattan New Developments, Manhattan Real Estate Blog, Manhattan Real Estate News, Real Estate News, Real-Estate

Manhattan Apartments For Rent

: Erica Beckman for The Wall Street Journal; Bank of America sold this historic Manhattan townhouse for $29.4 million.

Bank of America sells a historic Manhattan townhouse for $29.4 million, property records show. The five-story neo-Georgian building near Fifth Avenue is part of a row of mansions built around 1900 that housed members of the Rockefeller family in the last century. The architects of the Bank of America townhouse, McKim, Mead and White, also designed the arch in Manhattan’s Washington Square Park and Washington’s National Museum of American History. The townhouse formerly belonged to U.S. Trust, a private bank that used it for events for top clients, including intimate dinners with politicians, private concerts and cocktail parties. Bank of America acquired U.S. Trust for $3.3 billion in 2007. (WSJ)

The Paris apartment of the late designer Yves Saint Laurent hits the market for 23.5 million ($34.6 million). Located in a 19th-century building in the city’s 7th Arrondissement, the 5,600-square-foot duplex comes with a garden and courtyard. The designer began renting the apartment in 1970, bought it eight years later and lived there until his death last year, according to listing broker Anne de Cambiaire of Emile Garcin Paris. (WSJ)

Fashion designer Tory Burch lists a house in Southampton, N.Y., for $17.9 million after agreeing to buy another home nearby. The 1980 oceanfront contemporary home on the market sits on 4.5 acres and measures 6,000 square feet. It has six bedrooms, eight bathrooms, a pool and 200 feet of ocean frontage. Ms. Burch bought the property from her ex-husband, venture capitalist Chris Burch, for $22.5 million in July 2008, records show. Southampton officials then approved Ms. Burch’s plans to tear down the home and replace it with a 7,100-square-foot, seven bedroom beach house. The property is being offered with the approved plans for a new house. In October, Ms. Burch went into contract to buy a 25-room Georgian house in Southampton’s estate section that had belonged to the late attorney Howard Gittis. (WSJ)

Fashion designer Randolph Duke sells his 4,800-square-foot home in the Hollywood Hills of Los Angeles, Calif., for $5.3 million. The three-bedroom, three-and-a-half bathroom home won the American Institute of Architects Los Angeles chapter award for residential design in 2007. Located on a promontory, it has 6,500 square feet of outdoor terraces, decks and gardens. The property hit the market a year ago with a price tag of $8.25 million. (Los Angeles Times)

Fashion photographer David LaChapelle sells his 1,912-square-foot home in the Sunset Strip area of Los Angeles for $1.6 million. The Spanish-style home was built in the 1920s and has three bedrooms, one-and-a-half bathrooms, a remodeled kitchen, hardwood floors, a pool and a spa. The property last sold in 1999 for $800,000 according to public records. (Los Angeles Times)

South Beach Diet founder Dr. Arthur Agatston pays $7 million for a 6,400-square-foot home in the East Hamptons, records show. The home has seven bedrooms and seven-and-a-half bathrooms. (Curbed Hamptons)