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Upper East Side Turnkey Gallery and Residence Adjacent to the Frick Museum Sell in Just 41 Days

Upper East Side Turnkey Gallery and Residence Adjacent to the Frick Museum Sell in Just 41 Days

May 29, 2024

Today, 11 & 15 1A East 70th Street, a beautiful pre-war condominium, and a turnkey art gallery, are pending sale. Gracing one of Manhattan’s most opulent blocks, the properties are mere steps from Central Park, and adjacent to the Frick Museum, which is currently undergoing a $100 million renovation expected to be completed later this year. Offered separately or as a package at auction, the properties sold individually, for $4.816 million and $851,200, respectively, in just 41 days in cooperation with Rachel A. Glazer and Bridget Little of Compass. 

The seller, American entrepreneur Adam Joel Weitsman, owner and chief executive officer of Upstate Shredding–Weitsman Recycling, a scrap metal processing company headquartered in Owego, New York, has both bought and now sold property with Concierge Auctions.

“Having previously bid on a property last year with Concierge Auctions, I was familiar with the auction process, and as a buyer, I appreciated the transparency and efficiency of their platform as well as their team’s professionalism and diligence,” stated Weitsman. “So, when the time came to sell my Upper East Side gallery and residence, I knew they would deliver. Alongside the team at Compass, Concierge Auctions’ ability to reach far and wide and garner worldwide attention is second-to-none, which ultimately led to a competitive auction between seven bidders. I couldn't be more thrilled with the outcome—and, all in less than six weeks.”

Located at 11 East 70th Street, the 4,600-square-foot gallery space is in turnkey condition, with an exterior boasting gorgeous arched windows and wrought-iron details. Previously home to a renowned art gallery, the entrance and reception area feature high ceilings and beautiful marble floors that flow seamlessly into two gallery spaces with custom lighting. A breathtaking circular staircase leads downstairs to the Garden Level, which offers additional gallery spaces that connect to a private outdoor oasis. Included are three and a half bathrooms, art storage space, and office space, with recently updated lighting, windows, and plumbing.

Located at 15 East 70th Street, 1A, the condo unit provides 2,000 square feet of private space, boasting original details including custom woodwork, and a private patio. A pre-war design, the space emanates warmth and luxury, offering two spacious bedrooms, one-and-a-half bathrooms, hardwood floors, and a wood-burning fireplace. Built in the early 1900s, the boutique property sits within one of the area’s beloved limestone buildings, a classic staple of the neighborhood. 

“This magnificent Upper East Side gallery and estate are truly exceptional properties, marked by their artistic pedigree and premier location,” said Chad Roffers, CEO of Concierge Auctions. “We are proud to have collaborated with Rachel A. Glazer and Bridget Little of Compass to deliver the best possible outcome for the seller and buyers—a time-certain and efficient sale—and look forward to our next, together.”

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