National Academy Museum Buildings Hit Market at $120 Million

Interior
Interior
(Cushman & Wakefield)
  • 1083 Fifth Avenue

    1083 Fifth Avenue

Historic and stately buildings that house the National Academy Museum and School along Fifth Avenue have come to market with an asking price of $120 million.

In March, the museum stated the property would be sold to create an unrestricted endowment, enabling it to eliminate debt. The sale would also fund the institution in perpetuity and give it a new home.

Two interconnecting townhouses at 1083 Fifth Avenue and 3 East 89th Street, and the 65-foot-wide school building at 5-7 East 89th Street, make up the listing. 

Located along Museum Mile, in the Upper East Side's prime Carnegie Hill area, the property could become another institution, educational facility, or offers the chance of a "truly historic, one-of-a-kind single family residence," says the listing with Cushman & Wakefield.

More News Feed Headlines

Field Museum

Supreme Court Rules Against Terrorism Victims Who Sought Items From Chicago Museums

  • February 21, 2018 20:20

The Supreme Court denied a transfer of Persian artifacts from Chicago museums to U.S. survivors ...

Read More

Aerial view of Huguette Clark's Bellosguardo estate

Mystery Lingers Over Fate of Huguette Clark's Bellosguardo

  • February 20, 2018 20:24

Huguette Clark, the copper heiress who died at age 104 in 2011, left a will that envisioned her ...

Read More

A terra-cotta horse and warrior from the Franklin Institute’s exhibit.

Man Charged With Stealing Terracotta Warrior's Thumb

  • February 19, 2018 22:28

A Delaware man has been charged with stealing the thumb of a $4.5 million terracotta warrior ...

Read More

Michelangelo's Tuscan Villa Is Still For Sale

  • February 14, 2018 21:26

If you missed the once-in-a-lifetime Michelangelo exhibition at the Met this winter, which drew ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 
Capital Collections Estate Auction - Weschler's

ArtfixDaily Artwire