Times of India·3 min read·medium

Former Morgan Stanley CEO’s $13.5m Manhattan mansion now lists for $80m

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TOI REAL ESTATE DESK
Former Morgan Stanley CEO’s $13.5m Manhattan mansion now lists for $80m
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Former Morgan Stanley CEO John Mack has listed his Manhattan carriage house for $80 million, potentially setting a record for a townhouse sale. The property was extensively renovated over six years after being purchased for $13.5 million in 2009.

Why it matters

The listing highlights the extreme luxury real estate market in New York City and the trend of repurposing historic carriage houses into high-end residences.

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Former Morgan Stanley CEO John Mack and his wife, Christy, have listed their palatial home at 165 East 70th Street, according to a report by The Wall Street Journal. The historic neo-Italian Renaissance carriage house, built in 1910 and later transformed into a spectacular residence by the couple, is asking $80 million. If it fetches the asking price, it would become the priciest residential townhouse ever sold in New York City. The Macks purchased the 15,978-square-foot residence in 2009 for $13.5 million and transformed it into a 20-room home by 2011.A carriage house built in 1910In 1902, banker Henri Wertheim hired architect C.P.H. Gilbert to design the building. Like many carriage houses on the block, this one was intended to house horses and the staff who cared for them.

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