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Deals & Dealmakers Residential

Andy Warhol firehouse studio sold for $10M

THE firehouse studio once rented by Andy Warhol for $150 a month has been sold for $9.975 million.

City records show it was bought by an LLC that used the name Warhol Hook and Ladder 13, after the original residents of the red brick building at 159 East 87th Street.

187 east
159 East 87th Street

Cushman & Wakefield brokers Thomas D. Gammino Jr., Brett Weisblum and Louis Marchetta listed the building earlier this year.

They said the 5,000 s/f property was “a unique opportunity that offers a developer a blank canvass to create boutique condominiums, a mixed-use rental or a luxury townhouse on a site that is both rich in history and conveniently located for transportation.”

It was sold by billionaire art dealer Guy Wildenstein, who is currently on trial in Paris on charges of tax fraud and money-laundering.

Wildenstein reportedly used the firehouse a storage. French prosecutors contend that Wildenstein and his brother moved millions of dollars in artworks from New York to Switzerland days after their father died in 2001.

Warhol rented the space at 159 East 87th Street from the city as his very first studio from 1962 to 1963.

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