Knoedler Building for Sale

The Knoedler and Company building is being listed for Sale by Sotheby's International Realty.  The building, built in 1909 and located at 19 East 70th Street.  The asking price for the building is $59 million, with annual real estate taxes of $180,000.00.  According to the Knoedler website, the gallery has been in operation for over 160 years.  Knoedler and Company is owned by Michael Hammer, grandson of American industrialist and collector Armand Hammer.

The Sotheby's International Realty site states:

Presently being used as KNOEDLER GALLERY. This Italian Renaissance home was built in 1909 by the architect Thornton Chard. Some of the original details are still intact. There are many small terraces that have copper flashing on the details. Ceilings are high throughout. In addition, there is a 7th floor with additional square footage which was used as a gym when the house was used as a private home. That space is now a library. The building has maintained the original staircase and coffered ceilings. The entire house is flooded with sunlight. This could be the most spectacular important private residence once again or used as a gallery, plus other options. There is a usable basement and a sub basement which has mechanicals. The building also maintain an additional stairway for staff in the back of the building.

 Click HERE to visit the Sotheby's Realty site and listing for interior images of the gallery.