Rare $18.5M NYC townhouse finds a cash buyer in 3 weeks

Key Points:

• A fully renovated limestone townhouse at 165 E. 64th St. on the Upper East Side sold in an all-cash deal close to its $18.5 million asking price within three weeks to an international financier.
• Developer Titanium Property Group purchased the property for $6.5 million in 2024 and transformed it from a brownstone into a modern limestone residence, adding a new floor and completely updating the foundation, plumbing, and electrical systems.
• The location east of Lexington Avenue allowed for extensive facade renovations, unlike landmarked homes west of Lexington where such changes are restricted, contributing to the home's appeal.
• The 7,000-square-foot home features six bedrooms, six baths, two powder rooms, a home gym, pet spa, elevator, roof deck with summer kitchen, and 1,900 square feet of outdoor space with luxury amenities like snow-melting systems and custom interiors.
• Increased demand for townhouses post-COVID, driven by the need for home offices and more space, helped the property sell quickly, reflecting a growing trend for large, modernized townhomes in Manhattan.