Brandeis House NY currently on the market for $33 million
The Brandeis House Alumni Club of New York is officially on the market with an asking price of $33 million, and the proceeds of the sale will go toward the University’s endowment, according to an email to New York City-area alumni from University President Frederick Lawrence.
The property, which is located on the Upper East Side at 12 East 77th Street, has been used to host alumni events in the area. The property was officially listed for sale about 24 hours prior to Executive Director for Integrated Media Bill Schaller’s Oct. 9 email to the Justice.
Lawrence wrote that the Brandeis House is too small to accommodate the growing number of alumni in the area and that the building has also been underutilized.
John Burger, a broker at Brown Harris Stevens, who has the listing along with Ghislaine Absy, said in an Oct. 7 Wall Street Journal article that he expected strong interest from buyers “seeking a single-family residence, which is what the house was built for."
The house was built in 1895 and has had several owners, including Reginald Vanderbilt, father of Gloria Vanderbilt, according to an Oct. 10 article on The Real Deal, a real estate news source, Nate B. Spingold, who was a top executive at then-Columbia Pictures Corporation, purchased the house in 1934, according to an Oct. 7 Wall Street Journal article.
The house was donated to the University by Spingold’s widow, Frances Spingold. Although Schaller wrote that the University received the property as a gift in 1964, the Oct. 7 Wall Street Journal article notes that the property was donated to the University in 1960.
According to Schaller, Spingold’s gifting the house to the University did not come with any conditions.
Schaller wrote that the University owns other properties, but no other properties in New York. He did not respond to requests for comment on which properties the University owns by press time.