Barbra Streisand’s former Upper East Side townhouse topped Manhattan’s luxury market in late August, now under contract to sell for $16 million.
The Big Picture: The sale price for five-story Art Deco townhouse at 49 East 80th Street represents a significant increase from Streisand’s original 1970 purchase for $420,000, highlighting the Upper East Side’s enduring appeal to luxury buyers.
By the Numbers: The 9,200-square-foot property spans 25 feet wide and includes eight bedrooms, five bathrooms, six wood-burning fireplaces, and an elevator. Built in 1930, it features a landscaped garden and three terraces, The Real Deal reports.
State of Play: The townhouse once owned by the musician led 22 Manhattan luxury properties that found buyers during the week of August 18-24, with a combined asking price of $151 million, per Olshan Realty’s weekly report.
The Price Tag: Originally listed at $18 million in June 2024, the property’s final $16 million asking price reflects the broader market trend of significant discounts. Luxury homes averaged 17% off original listing prices, with properties typically spending more than two years on the market, The Real Deal notes.
Zoom In: Streisand only briefly owned the Upper East Side townhouse, selling the home just two years later, per Galerie Magazine.
