What's Happening?
Ilana Goor, a renowned Israeli artist, has listed her New York City carriage house for $19 million. The property, located at 178 E. 75th St., is a rare find, being one of only about 75 carriage houses remaining in the city. Goor and her husband, Leonard Lowengrub, have owned the 6,600-square-foot residence since the 1970s. The home, which has served as both a private residence and an exhibition space, features a dramatic gallery with 22-foot ceilings, a solarium-style living room, and a rooftop terrace. Despite its artistic and historical significance, the property has struggled to find a buyer in previous attempts to sell. The current listing marks a significant price reduction from its original $37.75 million ask.
Why It's Important?
The sale of Ilana Goor's carriage house highlights the challenges faced by unique and historic properties in the current real estate market. The significant price reduction reflects broader market trends and the difficulty of selling high-value properties in a fluctuating economy. For art enthusiasts and collectors, the property offers a rare opportunity to own a piece of New York's architectural history, infused with Goor's artistic legacy. The sale also underscores the personal transition for Goor and Lowengrub, as they move into a new phase of life, parting with a home that has been central to their personal and professional lives.
What's Next?
The property is expected to attract interest from buyers seeking a unique blend of historic charm and modern luxury. As the market adjusts to economic conditions, potential buyers may see this as an opportunity to acquire a distinctive property at a reduced price. The listing agent, Smitha Ramchandani, emphasizes the home's rarity and the opportunity it presents for prospective owners. The outcome of the sale could influence future listings of similar historic properties in New York City.
