AIG founder’s 3-unit Lenox Hill townhouse sells for $5.3M

The entity 168e75 LLC paid $5.3 million to C. V. Starr & Co., a company created by AIG-founder Cornelius Vander Starr, to purchase the three-unit townhouse (C0) at 168 East 75th Street in Lenox Hill, Manhattan.
The property was listed by the brokerage Douglas Elliman. According to the listing, this one of five landmarked garages from 168 to 176 East 75th Street, designed in 1902 to house automobiles owned by wealthy residents of the neighborhood.
The deal closed on August 21, 2025 and was recorded on September 2, 2025. The property has 4,838 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,095 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.) The listing says the building has 5,450 square feet.
The signatory for Starr Companies, a global insurance company also founded by Cornelius Vander Starr, was Gary Muoio . The contract date was May 27, 2025. The company C.V. Starr & Co. had owned the property since February 1944.

The property

The 1-4 family building with 3 residential units in Lenox Hill has 4,838 square feet of built space and 11,714 square feet of additional air rights for a total buildable of 16,551 square feet according to a PincusCo analysis of city data. The parcel has frontage of 18 feet and is 102 feet deep with a total lot size of 1,839 square feet. The zoning is C1-8X which allows for up to 2 times floor area ratio (FAR) for commercial and up to 9 times FAR for residential with inclusionary housing. The property is in the Upper East Side Historic District Extension. The city-designated market value for the property in 2022 is $10.5 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $25 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of three of the 12 commercial properties representing 47,414 square feet of the 163,828 square feet. The largest owner is Parkoff Organization, followed by Sol Goldman Investments and then Solil Management.
There are no active new building construction projects on this tax block.

The majority, or 68 percent of the 163,828 square feet of built space are elevator buildings, with mixed-use buildings next occupying 17 percent of the space.

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