An Upper East Side Townhouse Hits the Market for Twice Its Sale Price in Just One Year
An Upper East Side townhouse located at 135 E. 65th St. has made waves in the real estate game, with its sale price now reaching double what it was just one year ago, according to The Post. The property was originally purchased by Alan Leavitt, the managing member and founder of Lane Capital Partners, for $4.5 million in June of last year. Now, this stunning four-bedroom, six-bathroom spread is on the market asking $8.25 million, potentially securing Leavitt a staggering profit that nearly doubles his initial investment in just 12 months. But that’s not the only surprise. When Leavitt purchased the property, he actually paid approximately $300,000 less than the previous owner did back in 2003, when it changed hands for $4.8 million.
The Features of This Exquisite Townhouse
This resplendent four-story Colonial Revival townhouse offers an array of stylish features that make it truly stand out. Positioned on a picturesque block, the home showcases a distinctive copper bay window on its parlor floor, creating a unique and captivating aesthetic. Inside, you’ll find high ceilings, palatial rooms, original hardwood floors, and an abundance of natural light. Every floor has been refinished and each room has received a fresh coat of paint, ensuring that the home feels fresh and inviting. With over 4,500 square feet of interior space and an additional 3,900 square feet of floor area ratio for potential expansion, this townhouse offers ample room for creativity and growth.
As you step through the gracious marble entry foyer, you’ll find yourself in a formal dining room that opens onto a sun-soaked 20-by-50-foot south-facing garden complete with a beautiful bluestone patio. The galley-style kitchen and adjacent breakfast room feature custom cabinetry, marble floors and countertops, and top-of-the-line appliances, creating a perfect space for culinary delights. On the parlor floor, the living room and library await, with enchanting arched doors leading to Juliet balconies that overlook the garden below. The library itself is adorned with oak paneling and a fireplace, creating a cozy and inviting atmosphere.
On the third floor, you’ll find the south-facing primary bedroom, featuring three arched doors with Juliet balconies, a cozy fireplace, and a marble bathroom. A dressing room/study with walls lined in custom cabinetry completes this level, adding both functionality and elegance. The fourth floor unveils two bedrooms, each with its ensuite bath. The north-facing suite even boasts a separate kitchenette for added convenience.
The Challenges of the Townhouse Market
It’s worth noting that the townhouse market in New York City has faced its share of challenges. Even high-profile individuals like “The Real Housewives of New York City” star Sonja Morgan and billionaire Ron Perelman have struggled to sell their townhouses. Morgan’s townhouse at 162 E. 63rd St. has remained on the market, currently listed at $7.5 million, while Perelman’s lavish townhome at 36 E. 63rd St. has been languishing since 2021 with an initial asking price of $60 million. These challenges highlight the unique nature of the real estate market and the importance of finding the right buyer at the right time.
To learn more about this exquisite Upper East Side townhouse, please reach out to Sabrina Saltiel of Douglas Elliman, the representative for this offering. The Post has also reached out to Alan Leavitt for comment on this remarkable investment.
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