Oleg Cassini’s former Gramercy Park townhouse has offered for the second time in three years.
The late dressmaker’s former residence at 135 East nineteenth Avenue offered for $7.4 million, based on public information. The house beforehand traded in a 2022 public sale for $5 million.
At one level, the house had been valued close to $15 million, near what the vendor initially tried to flip the home for after one 12 months after shopping for it. The vendor lopped off the value by the hundreds of thousands till turning the itemizing over to Douglas Elliman’s Eleonora Srugo in July, asking $8 million.
4 months later, the house was in contract. Serhant’s Ryan Serhant introduced the client, based on StreetEasy.
The newest gross sales course of was markedly much less painful than the earlier sale, which got here after Cassini’s grandson sued in an effort to force a sale of the home as half of a bigger battle over his grandfather’s $55 million property.
The sale is available in the identical month that one other former Cassini property has additionally discovered a purchaser amid authorized turmoil. Owned by Nestor Cassini’s sister, Peggy Nestor, the 18,000-square-foot residence at 15 East 63rd has been tied up in bankruptcy proceedings for years because the sisters have stymied efforts to promote the house, based on courtroom filings.
However the trustee overseeing the sale of the house as a part of the chapter reported discovering a purchaser keen to pay $34.5 million and is searching for courtroom approval to maneuver forward with the gross sales course of utilizing that supply as a stalking horse bid.
Cassini, who rose to prominence styling celebrities like Jacqueline Kennedy Onassis, had secretly married Marianne Nestor Cassini, who many had thought was his enterprise accomplice till after his loss of life in 2006. In 2018, Nestor Cassini was jailed for six months for failing to adjust to courtroom orders with reference to learn how to distribute her late husband’s property, of which Cassini’s 4 grandchildren maintained they had been entitled to half.
The client, who’s hid by a restricted legal responsibility firm, is getting a fixer-upper, which can clarify why the house has nonetheless offered thus far under its beforehand assessed worth.
Inbuilt Seventeenth-century Amsterdam, the house has been taken aside and moved twice: first in 1845 from Europe to the Higher West Aspect, after which once more in 1910, to its present location, the place it was reimagined into its Gothic Revival fashion for sugar magnate Joseph B. Thomas.
Cassini used the house as a celebration home, internet hosting salons and a few of his A-list shoppers and romantic pursuits, like Marilyn Monroe and Grace Kelly, Srugo advised the New York Submit.
“Somebody ought to restore it to its glory,” she mentioned.
Spanning nearly 7,000 sq. toes and 4 tales, the house has six bedrooms and 5 full bogs. The primary ground, which has a Flemish stone ground on the entrance, options a big lounge with a barrel-vaulted ceiling, paneled partitions, a stone fire and adjoining glass solarium with a stone fountain inside. Each ground has stained-glass home windows.
Learn extra
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