Lawrence Salander Slices Townhouse List Price

by Deidre Woollard (RSS feed)
Apr 12th 2009 at 8:02AM

Disgraced gallery owner Larry Salander really needs to sell his townhouse at 63 East 82nd Street. The art dealer was arrested on March 26 when he and his gallery were charged with 100 counts, including grand larceny and securities fraud. He could face up to 25 years in prison in a scheme that roped in tennis champion John McEnroe among others to pay shares for art that Salander never owned. This week , Steven Harvey, a one-time employee of Salander pleaded guilty to falsifying business records in the first degree.

The NY Observer reveals that Salander's townhouse, which was listed for $25 million and is now priced at $15.995 million. In January 2008, the NY Times reported that Salander and his wife had asked a federal bankruptcy judge to approve a plan to sell their six-story townhouse. Records show that Salander bought the home in 2004 for $4.75 million. The home has approximately 9,000 square feet of space spread out over six stories with a sweeping staircase, seven bedrooms, six full baths and three half baths, a landscaped garden and two terraces. The home has an elevator, woodburning fireplaces and a security system.

Gallery: Salander in the City