Banker Lists $38M Upper East Side Townhouse: SEE IT

UPPER EAST SIDE, NY — One of the Upper East Side's most extravagant — and extravagantly priced — homes was listed for sale this month by a former Lehman Brothers executive, according to reports and a real estate listing.

The townhouse at 9 East 88th St., between Park and Madison avenues, was owned by Robert Millard, a former Lehman Brothers executive who paid less than a sixth of that price when he purchased it in 1997 for $5.6 million, the Real Deal reported.

The home was renovated shortly after its completion by the architect John Russell Pope, who went on to design the National Gallery of Art and the Jefferson Memorial, according to the listing.

Pope's work was commissioned by Vivian Straus Sheftel, daughter of Macy's owners Isidor and Ida Straus.

Built in 1902, the 14,125-square-foot mansion includes a wrought-iron balcony, a large central stairway, a conservatory flanked by two plant-filled terraces, a wood-paneled elevator and a limestone-trimmed brick facade — not to mention eight bedrooms and several "grand reception rooms," the listing boasts.

Millard, a former chairman of the Massachusetts Institute of Technology's board of trustees, is also a member of the Council on Foreign Relations, the Real Deal reported.

More information, via the listing at Realtor.com:

• Address: 9 E 88th St, New York, New York
• Price: $38,000,000
• Square Feet: 14,125
• Bedrooms: 8
• Bathrooms: 8 Full and 2 Half Baths
• Built: 1902
• Features: A magnificent 26 foot wide Beaux-Arts mansion, 9 East 88th Street is situated on a charming tree-lined street just off Fifth Avenue, in the southern portion of the Carnegie Hill Historic District. Noted Gilded Age architects James R. Turner and William G. Killian in 1902-1903 designed this handsome residence with unparalleled grandeur, size and the lavish detail typical of the era. The house has remained a single family since that time. The house underwent interior alterations in 1912-1913 by the young, but soon-to-be renowned American architect, John Russell Pope, who later designed the National Gallery of Art and the Jefferson Memorial. Pope was commissioned by Vivian Straus Sheftel, a daughter of Isidor and Ida Straus. The elegant facade of pink brick trimmed with limestone and marble is distinguished by a broad three-story bowed front with a wrought iron balcony. Built almost full on a 100'8" lot, the interior square footage of 9 East 88th Street measures 14,125+/-, with rooftop terraces of 1,525+/- square feet. In addition to the gorgeous center stairway and two service stairways, the wood paneled elevator services the basement to the sixth floor, where a sun-flooded Conservatory is flanked by a pair of verdant terraces. Superbly located only steps from Central Park and Fifth Avenue's legendary Museum Mile, this exceptional home represents the rare marriage of grand reception rooms, generously proportioned family accommodations, meticulously restored original architectural detail, inspired landscaping, with fully updated mechanical, security and irrigation systems and with central air conditioning throughout.

This listing originally appeared on realtor.com. For more information and photos, click here.