Cryptocurrencies are gaining legitimacy in the market by the day. As recently as April 25, Nasdaq CEO Adena Friedman told CNBC that they are open to considering trading. Bitcoin and other digital currencies are more than a trend, they’re starting to become methods of payment. Transactions in digital currency are making their way into the home buying market as well.
Sellers such as Claudio Guazzoni de Zanett, who is selling his Upper East Side townhouse, has listed the property with Douglas Elliman agent Valerie A. Lettan for $29.95 million U.S. dollars or $45 million in digital currency. Zanett is asking for a higher price in digital currencies (such as bitcoin, Ethereum and Ripple) because of their volatility.
“I’m a true believer in these networks, but it’s very volatile,” he said. “They could be down 60% in two weeks.”
Mr. Zanett is selling his 7-bedroom, 9.5-bathroom townhouse at 10 East 76th Street which served as a family compound with separate living units for the last 24 years. With the extended family having moved out, the approximately 12,380-square-foot home is too large for Zanett, his wife and their 6-year-old son who mostly occupy the top three floors.
The 1904 home has the potential to be reconfigured into an impressive single-family mansion. As an added bonus, the property is zoned for optional professional space on the garden level as well. The 22-foot-wide Beaux-Arts limestone and granite façade make an impressive statement from street-level.
While, inside, 10- to 13-foot ceilings, large windows, a white marble staircase and extra-wide landings contribute to the gracious and light-filled ambiance. There are 12 wood burning fireplaces, including two outdoor fireplaces on the sixth floor and roof terrace. An outdoor lift will take you from the sixth floor terrace up to the roof terrace.
As the tallest townhouse on the block, the flat roof terrace provides panoramic views of the Manhattan skyline. It’s also structurally designed to sustain a reflecting pool if the next owners would like one.
Another unique feature is a lower level vault which extends under the sidewalk and partially underneath East 76th Street. Now used for storage, it originally stored coal to heat the home.
Wondering how you can turn your cryptocurrency into a tangible, more stable investment? Consider using it to purchase real estate—if the seller is willing to accept, of course.
View more photos of 10 East 76th Street or contact Valerie A. Lettan to schedule a showing.