$56,000,000
SOLD SEP 6, 2024
6 Beds
10 Baths
15,200 Sq Ft
3,576 Sq Ft Lot

Recently Sold

$3,684 Per Sq Ft

14% Below List Price

393 Days on Market

Highlights

  • City View
  • Terrace
  • Building Terrace
  • P.S. 6 Lillie D. Blake Rated A
  • No HOA
  • 2-minute walk to Central Park

About This Home

As of September 2024

Commissioned by James E. Nichols in 1898, 4 East 79th Street is an important and architecturally magnificent limestone mansion. The house, a key component in the initial development of railroad industrialist Henry H. Cook’s prescient acquisition of the block between East 78th and 79th Streets and Fifth and Madison Avenues, features superb design by original architect, C.P.H. Gilbert, known for opulent, chateau-inspired Francois Ier style. Most recently, it has undergone a masterful and complete renovation orchestrated by its recent steward, the late businessman and philanthropist, Aso O. Tavitian. With the assistance and expertise of architectural and design professionals, including Peter Pennoyer and Theodore Prudon, among others, who used original detail and research as their inspiration and guide, this remarkable single-family residence is visually resplendent and exceptional in every way.

Ideally situated on the Upper East Side, the 35-foot wide mansion offers more than 15,000 square feet of interior living space. Significantly, the property includes a 15’ x 105’ swathe of land that borders the western edge of the residence, fortunately allowing for large west-facing windows. As such, the building has exposures on three sides and benefits from divine light as well as delightful Central Park views. From the residence, it is moments to Central Park, the galleries and boutiques of Madison Avenue, and the treasures in Fifth Avenue’s glorious museums.

Throughout, soaring high ceilings and extremely impressively-scaled rooms are complemented by extraordinary detail, such as solid mahogany doors and windows, hand-selected marble paneling and floors, rare English brown oak paneling, parquet de Versailles and herringbone white oak floors, and carved plaster crown moldings. With an eye to the legacy of the design, only the very top-quality methods and materials have been selected. All systems, including HVAC, humidification, domestic water, leak-defense, and security, have been expertly maintained and upgraded. A passenger elevator services all floors, and a service elevator additionally supports all but the top three levels.



For full description visit: https://pub.marq.com/4east79thstreet/#1MF5cWtyLI92r (please copy and paste to your browser)

Last Agent to Sell the Property

Serena Boardman

Sothebys International Realty License #30BO0940293 Listed on: 08/09/2023

Sothebys International Realty

Co-Listed By

Anna Baker

Sothebys International Realty License #10401363418

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $221,364

Year Built

  • Built in 1899

Lot Details

  • 3,576 Sq Ft Lot
  • Lot Dimensions are 35.0 x 102.17
  • West Facing Home

Interior Spaces

  • 15,200 Sq Ft Home
  • Elevator
  • Wood Burning Fireplace
  • City Views

Bedrooms and Bathrooms

  • 6 Bedrooms

Additional Features

  • Terrace
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 0067 / 01393

Community Details

Overview

  • No Home Owners Association
  • Upper East Side Subdivision
  • 6-Story Property

Amenities

  • Building Terrace

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$221,364

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Exposures: North,South,West
  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Unit Levels: Multi/Split
  • Structure Type: Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 6

Interior Features

  • Interior Features: Elevator
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 15200.0
  • Living Area Units: Square Feet
  • Rooms (Total): 22

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 4
  • Bathrooms Integer: 7
  • Bedrooms: 6

Exterior Features

  • View: City, Park/Greenbelt
  • View: Yes
  • Direction Faces: West
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building None, None
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 3576.0
  • Lot Size Dimensions: 35.0 x 102.17

Building Info

  • New Construction: No
  • Units: 1
  • Total Stories: 6
  • Year Built: 1899

Rental Info

  • Furnished: Unfurnished
  • Owner Pays: None

Tax Info

  • Tax Block: 01393
  • Tax Lot: 0067
  • Tax Annual: 221364.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2023
Closed on
Sep 6, 2024
Sold by
Tavitian Foundation Ii Inc
Bought by
79Th Street Property Holdings Llc
Seller's Agent
Serena Boardman
Sothebys International Realty
List Price
$65,000,000
Sold Price
$56,000,000
Premium/Discount to List
-$9,000,000
-13.85%
Views
2076
Current Estimated Value
$4,036,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,964,000
Avg. Annual Appreciation
-98.91%

Purchase Details

Listed on
Aug 9, 2023
Closed on
Sep 5, 2024
Sold by
Assadour O Tavitian Trust U/A/D 1/0 and Candace K Beinecke As Trustee
Bought by
Tavitian Foundation Ii Inc
Seller's Agent
Serena Boardman
Sothebys International Realty
List Price
$65,000,000
Sold Price
$56,000,000
Premium/Discount to List
-$9,000,000
-13.85%
Views
2076

Purchase Details

Closed on
Jul 19, 2006
Sold by
Assadour O Tavitian Trust and Assadour O Tavitian As Trustee
Bought by
4 East 79Th Street Trust and Assadour O Tavitian As Trustee

Purchase Details

Closed on
Dec 8, 2004
Sold by
Tavitian Assadour O
Bought by
Tavitian Assadour O

Purchase Details

Closed on
Nov 20, 1997
Sold by
Palmira Finance & Investment Corp
Bought by
Tavitian Assadour O and Tavitian Arlene
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $56,000,000 --
Deed -- --
Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Bargain Sale Deed $11,500,000 Ticor Title Guarantee Compan
Bargain Sale Deed $11,500,000 Ticor Title Guarantee Compan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Sold $56,000,000 -13.8% $3,684 / Sq Ft
08/09/2023 08/09/23 For Sale $65,000,000 -- $4,276 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $224,426 $1,117,380 $337,919 $779,461
2024 $224,426 $1,117,379 $577,800 $704,789
2023 $223,827 $1,102,108 $407,984 $694,124
2022 $207,561 $1,589,880 $577,800 $1,012,080
2021 $206,425 $1,587,120 $577,800 $1,009,320
2020 $196,087 $1,807,680 $577,800 $1,229,880
2019 $193,789 $1,819,020 $577,800 $1,241,220
2018 $187,221 $918,423 $175,213 $743,210
2017 $176,623 $866,438 $162,663 $703,775
2016 $163,405 $817,395 $207,167 $610,228
2015 $65,723 $771,984 $293,488 $478,496
2014 $65,723 $771,984 $352,188 $419,796
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10996478

Real Estate Board of New York (REBNY)

APN: 1393-0067