This seems to be the week for real estate stories about art dealers’ townhouses. This in is Martin Zimet’s Upper East Side of New York City’s modern building that has been on and off the market for two years with different brokers.
Zimet is 86 and the house doesn’t have an elevator. The asking price is $40m but Zimet cannot remember what price he paid in cash for the place in 1970 when he moved in. Here’s The Real Deal with the details:
Known as the Sherman M. Fairchild Mansion, the five-story town home hit the market asking $40 million. Located at 17 East 65th Street between Fifth and Madison avenues, it’s currently home to Zimet’s dealership, French & Company LLC, and serves as Zimet’s residence.
