T
he Raymond C. and Mildred Kramer House, a striking modernist townhouse at 32 E. 74th St., has hit the market for $15 million. Designed by Swiss-American architect William Lescaze in 1935, this rare residence stands out in a neighborhood known for its classic brownstones.
Lescaze's signature touches include glass brick walls, frosted casement windows, and a curved steel entrance. The home, converted into a triple duplex, spans 7,000 square feet. Despite its unique features, the property has had a rocky history on the market, previously selling for $12 million in 2008 and $14.5 million in 2015.
A full-scale gut renovation transformed the single-family home into three high-end duplex apartments, each with luxury finishes, central air, and private outdoor space. However, much of the original modernist interior has been lost to time. The current owner restored the exterior to meet Landmarks Preservation Commission standards, preserving Lescaze's signature vision.
The property offers endless possibilities as an investment property, multi-generational residence, or grand single-family spread with up to eight bedrooms and seven bathrooms. Jacky Teplitzky of Douglas Elliman notes that reverting the home back to a single-family house could be its best use, citing the Upper East Side's history of single-family homes.
The lower duplex features two bedrooms and 2.5 bathrooms, including a furnished patio. The middle duplex has three bedrooms and three bathrooms, plus a bonus room. The top duplex boasts three bedrooms and 2.5 bathrooms, with a landscaped and furnished sun terrace off the kitchen.
