An Upper East Side townhouse owned by hedge fund exec George E. Hall is back on the market for $37.5 million.
Mr. Hall, who last listed the East 69th Street home for sale in September for the same price, aims to catch the wave of demand for mansions that led to a record sale just down the street last month.
In December, a lavish 20,000-square-foot townhouse that billionaire Vincent Viola and his wife, Teresa, restored to period condition reportedly went into contract for $80 million—the most expensive townhouse ever sold in Manhattan. Judging by the moving vans outfront, that record-breaking transaction has or will soon close, said Douglas Elliman agent George Vanderploeg, who is co-listing Mr. Hall’s home.
“We always knew that was a great block,” said Mr. Vanderploeg, adding that the record transaction confirmed that. He’s co-marketing this latest Lenox Hill behemoth with Steffen Kral, also of Douglas Elliman.
Mr. Hall’s 25-foot-wide neo-Federal style mansion spans around 12,000 feet with six levels and 17 rooms. There are six bedrooms, five full bathrooms, four fireplaces and an elevator, according to the listing. The late-19th century townhouse was built by architect John H. Duncan, who also designed the General Grant National Memorial, the tomb of the 18th U.S. president on Riverside Drive.
The home’s impressive parlor level opens from the foyer into a massive living room that extends back to a dining room, music room and butler’s pantry, Mr. Vanderploeg said.
The fourth-floor master suite has its own fireplace, plus two walk-in closets and a marble master bath and sunroom with a south-facing terrace.
The mansion is located right off Fifth Avenue.
Last year marked what appeared to be a rise in the mansion market, with at least two $30 million-plus townhouse transactions in Lenox Hill, Mr. Vanderploeg said. In addition to Mr. Viola’s record breaker, a Beaux-Arts mansion on East 61st Street sold for $32 million four months ago, according to StreetEasy.
Mr. Hall, chief executive of Clinton Group, will make a hefty profit if he manages to sell for his asking price. He bought the mansion for $11.5 million in 2002, according to property records. A request for comment sent via Clinton Group was not immediately returned.
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