In a remarkable all-cash transaction, a magnificent three-story residence situated atop an elegant Upper East Side building has been sold for a staggering $21 million. The buyer, rumored to be a local hedge fund manager with three school-going children in the vicinity, seized this remarkable opportunity. The acclaimed seller of this extravagant property is none other than real estate tycoon Rodney Propp, who acquired the residence for a considerable sum of $20.37 million back in 2018.
Nestled at 360 E. 89th St., this triplex penthouse comprises seven luxurious bedrooms and has garnered significant attention since it was listed for sale at $22.5 million in late April. It is astounding to note that within a mere three weeks, a suitable buyer was found, and the deal was finalized on July 11, according to reliable sources. Designed by the highly regarded AD100 firm SheltonMindel, this exquisite penthouse has even graced the pages of a prestigious shelter magazine that hailed it as a “fairy tale.”
Originally intended as a serene haven for a blended family akin to the iconic “Brady Bunch,” the story took a different turn as the marriage did not endure beyond the move-in date. This opulent dwelling boasts an array of amenities, including a chef’s kitchen, a formal dining room, a media room, two home offices, and a generous 2,529-square-foot wrap-around terrace. The sophisticated design elements feature white oak plank floors and a remarkable double-height living room boasting glass walls, along with a splendid concrete and blackened-steel fireplace that conceals a state-of-the-art media screen.
The illustrious seller of this property, Rodney Propp, has made his mark in the real estate industry. Meanwhile, the listing broker responsible for facilitating this impressive transaction is none other than Official’s Tal Alexander.
Furthermore, this remarkable building, known as Citizen360, offers an expansive range of amenities for its residents. These include a well-equipped gymnasium, a comfortable lounge area, a luxurious spa, an art studio, and even a music room. With a total of 82 units spread across 34 stories, this remarkable building was completed in 2017.
Overall, the sale of this luxurious three-story home atop an exclusive Upper East Side building has captured the attention of discerning buyers in the real estate market. Its seamless blend of opulence and sophistication, coupled with its desirable location and remarkable design elements, have made it a true gem within the city.
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