Townhouse

Converted Carnegie Hill townhouse hits the market for $27 million

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113 East 90th Street (Corcoran)

Eight years ago, on her birthday, Hillary Schafer watched from her neighbor’s apartment as the glass atrium on her Carnegie Hill townhouse caught in a gust of wind and shattered into thousands of pieces.

When the new atrium arrived two weeks later, one of the walls was two inches too short and had to be returned.

These are just two of the setbacks Schafer faced during the three-and-a-half-year renovation of a 19th-century commercial building at 113 East 90th Street in Carnegie Hill, which she bought 11 years ago. for $9.9 million.

113 East 90th Street at Carnegie Hill (StreetEasy)

113 East 90th Street at Carnegie Hill (StreetEasy)

Eventually it all came together and the property, consisting of a four-bedroom main residence that was once a fire station and a guesthouse that was once a stable, went on the market last week. for $27 million. If it hits that price, it would be an apparent record for a single-family home sale in Carnegie Hill, according to TRD Pro data dating back to 2010.

Schafer may be listing it at an inopportune time: Although turnkey townhouses are fetching a premium, luxury sales in Manhattan have slowed in recent weeks amid rising interest rates and a tumultuous stock market. Corcoran Leighton Candlestick to the list.

113 East 90th Street at Carnegie Hill (StreetEasy)

113 East 90th Street at Carnegie Hill (StreetEasy)

The four-story structure, built in 1877, is connected to the two-story guest house by a finished basement that passes under a courtyard. The basement contains a media room, dining room, play area, gym and a 3,000 bottle wine cellar.

A look inside 113 East 90th Street in Carnegie Hill (StreetEasy)

A look inside 113 East 90th Street in Carnegie Hill (StreetEasy)

Hillary Schäfer (Getty)

Hillary Schäfer (Getty)

The two-story guest house has a home office on the first floor and a guest bedroom upstairs.

Schafer wasn’t interested in a project when she and her husband started looking for a new home in 2011, preferring an apartment in a building with a doorman that didn’t require any work.

“We felt like we had been transported to a home that wasn’t in New York,” Schafer said of their first visit to 113 East 90th Street. “We looked at each other and said, ‘This is it. “”

The atrium wasn’t the first major obstacle to the renovation, said Schafer, a former chief financial officer who is now CEO of the nonprofit Multiplying Good. The excavation of the space under the house for the basement had to be done by hand, according to city regulations. After the start, the workers discovered that the house had been built on crimped bedrock, which meant that they had to install steel beams every four feet below the foundation of the building and that of a neighboring house.

“The excavations basically lasted a year,” Schafer said. “It was unreal.”

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