New York\’s Once and Future Mansions

\”One exception is 46 East 66th Street, the longtime home to the Republic of Senegal’s ambassador and the site of the nation’s formal functions. The building, a circa 1890 landmark, has undergone a three-year restoration by HJ Development and will come to market later this year as a six-bedroom, seven-bath luxury townhouse priced at $28 million.

The developer, in an off-market deal, paid around $14 million in cash to acquire the 25-foot-wide property, which in 1919 gained a neo-Georgian brick facade by the society architect Mott B. Schmidt, and a smaller townhouse at 268 East 68th Street, which Senegal had used as offices. Both are being marketed as single-family homes, the first foray into that genre by the developer, whose previous focus was commercial-to-condo conversions, often in historic districts.

“To take a century-old building and totally reimagine and restore the interior and return it to the single-family residence it once was is a little like a surgeon going into someone’s body and performing major surgery,” said Ian Fishkin, the in-house counsel and acquisitions adviser at HJ Development. “We’re catering to the 1 percent at East 66th and Madison, but there is definitely something charming about owning your own home with your own front door and backyard at a significant address.” 

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