The Wall Street Journal July 10 2012
July 10, 2012 http://online.wsj.com/article/SB10001424052702303343404577516741824309610--LESS.html
A Penthouse With a Playroom
By Stefanos Chen Price: $4,750,000 Location: New York, NY Type of Home: Apartment An inventive renovation of this Upper East Side penthouse allowed the owners to transform two unwieldy apartments into a spacious family home, complete with a kids-only room for their daughters.
The owners, Martin Teevan, 43, and his wife Shevaun, 40, purchased a penthouse apartment at 350 E. 82nd Street on the Upper East Side for a little over $3.5 million in 2007, according to public records. After living in London for seven years, Mr. Teevan, who works in leveraged finance, purchased a three-bedroom apartment in the building on the 16th floor in 2006, public records show. He enjoyed the building so much that a year later, he purchased a newly listed penthouse unit. He moved his growing family up to the top floor and sold the first apartment. Photo: Rayon Richards for The Wall Street Journal
Prior to being converted for condominium usage, the 2,758-square-foot apartment was comprised of two separate rental units. 'It had two kitchens, two entryways, five bedrooms and five baths...it just wasn't configured right,' Mr. Teevan said. So the couple underwent a six-month renovation of most of the apartment 'down to the concrete,' he said. Mr.
Teevan declined to say what the renovation cost. Photo: Rayon Richards for The Wall Street Journal The home 'had been split up, so you weren't getting the full effect of the sunlight,' Mr. Teevan said. To take advantage of the apartment's ample exposures, they knocked down most of the dividing walls. The living room is pictured above. Photo: Rayon Richards for The Wall Street Journal
The couple has three young daughters, ages 8, 5 and 20 months. During the design phase, the couple decided to turn part of what was once the second kitchen into a private playroom for their daughters. By cutting a rectangular window into the dividing wall, Mr. Teevan said they can keep an eye on the girls without invading their space. Photo: Rayon Richards for The Wall Street Journal
The playroom is 'currently a salon,' Mr. Teevan said of his daughters' adult-free zone. 'Sometimes I'm not allowed in, unless I want to be a customer,' he said. In the rear of the powder-pink room is a sliding door that leads to the washer and dryer. Photo: Rayon Richards for The Wall Street Journal
'To date, I've just gotten away with the clear [nail] polish,' Mr. Teevan joked about his visits to the girls' room. The rectangular window opens to the kitchen and living area. Photo: Rayon Richards for The Wall Street Journal
The home is now configured with four bedrooms. The couple created the master bedroom suite, pictured above, by installing a dividing wall and converting a former entryway into a walk-in closet. Every room in the house, except the girls' bedrooms, has a speaker system. Photo: Rayon Richards for The Wall Street Journal
The home includes four bathrooms. The master bathroom is pictured above. Photo: David Paler
At the time the couple moved into the home, they had one daughter and another on the way, Mr. Teevan said. With the arrival of their third daughter, the two older girls decided to share a room while a nursery was set up for the youngest. From end to end, the home offers views of the East River in one direction, and the Time Warner Center in the other. Photo: Rayon Richards for The Wall Street Journal
The office pictured above was formerly their second daughter's bedroom, Mr. Teevan said, but she moved in with their eldest after the baby was born. 'I got a man's room out of the third's arrival,' he joked. 'My wife doesn't like the term 'man cave,' but that's what it is.' Photo: Rayon Richards for The Wall Street Journal
The building, which was converted from rentals to condos in 2006, the listing agent said, also includes a pool and gym. Photo: Rayon Richards for The Wall Street Journal
Mr. Teevan, who also owns a home in East Hampton, said they listed the home for sale to 'test the waters.' The home was put on the market in May for $5.25 million, but was dropped in June to its current price of $4.75 million. Linda Maloney of Stribling & Associates has the listing. Photo: Rayon Richards for The Wall Street Journal
A Penthouse With a Playroom
By Stefanos Chen Price: $4,750,000 Location: New York, NY Type of Home: Apartment An inventive renovation of this Upper East Side penthouse allowed the owners to transform two unwieldy apartments into a spacious family home, complete with a kids-only room for their daughters.
The owners, Martin Teevan, 43, and his wife Shevaun, 40, purchased a penthouse apartment at 350 E. 82nd Street on the Upper East Side for a little over $3.5 million in 2007, according to public records. After living in London for seven years, Mr. Teevan, who works in leveraged finance, purchased a three-bedroom apartment in the building on the 16th floor in 2006, public records show. He enjoyed the building so much that a year later, he purchased a newly listed penthouse unit. He moved his growing family up to the top floor and sold the first apartment. Photo: Rayon Richards for The Wall Street Journal
Prior to being converted for condominium usage, the 2,758-square-foot apartment was comprised of two separate rental units. 'It had two kitchens, two entryways, five bedrooms and five baths...it just wasn't configured right,' Mr. Teevan said. So the couple underwent a six-month renovation of most of the apartment 'down to the concrete,' he said. Mr.
Teevan declined to say what the renovation cost. Photo: Rayon Richards for The Wall Street Journal The home 'had been split up, so you weren't getting the full effect of the sunlight,' Mr. Teevan said. To take advantage of the apartment's ample exposures, they knocked down most of the dividing walls. The living room is pictured above. Photo: Rayon Richards for The Wall Street Journal
The couple has three young daughters, ages 8, 5 and 20 months. During the design phase, the couple decided to turn part of what was once the second kitchen into a private playroom for their daughters. By cutting a rectangular window into the dividing wall, Mr. Teevan said they can keep an eye on the girls without invading their space. Photo: Rayon Richards for The Wall Street Journal
The playroom is 'currently a salon,' Mr. Teevan said of his daughters' adult-free zone. 'Sometimes I'm not allowed in, unless I want to be a customer,' he said. In the rear of the powder-pink room is a sliding door that leads to the washer and dryer. Photo: Rayon Richards for The Wall Street Journal
'To date, I've just gotten away with the clear [nail] polish,' Mr. Teevan joked about his visits to the girls' room. The rectangular window opens to the kitchen and living area. Photo: Rayon Richards for The Wall Street Journal
The home is now configured with four bedrooms. The couple created the master bedroom suite, pictured above, by installing a dividing wall and converting a former entryway into a walk-in closet. Every room in the house, except the girls' bedrooms, has a speaker system. Photo: Rayon Richards for The Wall Street Journal
The home includes four bathrooms. The master bathroom is pictured above. Photo: David Paler
At the time the couple moved into the home, they had one daughter and another on the way, Mr. Teevan said. With the arrival of their third daughter, the two older girls decided to share a room while a nursery was set up for the youngest. From end to end, the home offers views of the East River in one direction, and the Time Warner Center in the other. Photo: Rayon Richards for The Wall Street Journal
The office pictured above was formerly their second daughter's bedroom, Mr. Teevan said, but she moved in with their eldest after the baby was born. 'I got a man's room out of the third's arrival,' he joked. 'My wife doesn't like the term 'man cave,' but that's what it is.' Photo: Rayon Richards for The Wall Street Journal
The building, which was converted from rentals to condos in 2006, the listing agent said, also includes a pool and gym. Photo: Rayon Richards for The Wall Street Journal
Mr. Teevan, who also owns a home in East Hampton, said they listed the home for sale to 'test the waters.' The home was put on the market in May for $5.25 million, but was dropped in June to its current price of $4.75 million. Linda Maloney of Stribling & Associates has the listing. Photo: Rayon Richards for The Wall Street Journal
