Sale of the Week

Sale of the Week—Georgian Grandeur on the Gold Coast

List Price: $1,395,000
Sale Price: $1,307,500

The Property: In the shadow of the John Hancock Center, this 1916 edifice by William Fugard, who also designed the Allerton Hotel and some of the buildings on East Lake Shore Drive, has a ground-level backyard, a rarity in the neighborhood. While most of the units in the seven-story brick and limestone building have three bedrooms, this one was reconfigured to have only two: a master bedroom and a guest suite, which is “completely isolated from the rest of the space,” says Stephen Bognar, the Koenig & Strey GMAC agent who represented the seller, Robert Lievense. Extensively renovated since Lievense bought the place for $755,000 in 2000 (the year he retired as president and chief operating officer of A. C. Nielsen, the consumer-tracking company), this 2,550-square-foot condo—which, like the other units in the building, occupies half a floor—has a new kitchen and bathrooms as well as vintage crown moldings and a wood-burning fireplace. Lievense, who in 2003 became the chairman of the board of the Trudeau Institute, a medical research organization in New York, could not be reached for comment.
           
Price Points: Lievense listed the property for sale at $1,395,000 in July; he made a deal in October and the sale closed on November 7th. The highest price on record for the building is $1,475,000, for a three-bedroom unit that was sold in 2005.

Buyers: Not yet identified in public records

Listing Agent: Stephen Bognar, Koenig & Strey GMAC, (312) 893-3550

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