The Home Depot fortune just purchased a piece of photograph historical past.
A trust linked to billionaire Home Depot co-founder Ken Langone has shelled out $10.75 million for the Upper East Side carriage home that legendary lensman Carl Fischer used as his home and studio for a long time, The Post has discovered.
The deed, dated Oct. 2 and recorded with the metropolis on Tuesday, lists the purchaser as the Article IV Trust for Bruce Marshall Langone, which was set up under a 2025 irrevocable grantor retained annuity trust. Ken, his spouse Elaine and Bruce are all named as trustees.
GRATs are a favourite property planning device of the ultra-wealthy, letting households shift belongings to the next era while protecting the present tax invoice to a minimal.
A trust tied to Home Depot co-founder Ken Langone has paid $10.75 million for the Upper East Side carriage home where famed photographer Carl Fischer lived and labored for a long time, according to a deed dated Oct. 2 and recorded Oct. 13. Douglas Elliman
The purchaser is the Article IV Trust for Bruce Marshall Langone, one of Ken and Elaine Langone’s three sons, set up under a 2025 irrevocable GRAT with all three members of the family serving as trustees. In this photograph, Bruce Langone, from left, Nhung-Bui Langone, Elaine Langone and Ken Langone attend NYU Langone’s 2019 Violet Ball at The Metropolitan Museum of Art on Monday, November 4, 2019, in New York. Getty Images for NYU Langone Health
Bruce is one of the couple’s sons. Ken and Elaine Langone have three kids, Kenneth G. Jr., Stephen and Bruce. The elder Langone, a Wall Street veteran, organized the financing that allowed Bernard Marcus and Arthur Blank to launch Home Depot, and his identify graces NYU Langone Health.
The vendor was Carl Fischer Photography, Inc.
Carl Fischer Photography, Inc. bought the 25-foot-wide former Woolworth steady at 121 E. 83rd St., which first hit the market for $13.5 million in September 2023 after Fischer’s death at 98 and went into contract this May. Douglas Elliman
The lounge. Hayley Ellen Day
Boxer Muhammad Ali and Carl Fischer during the well-known 1967 photograph shoot in Manhattan for the iconic April 1968 “The Passion of Muhammad Ali” cowl of Esquire magazine. Carl Fischer
A eating space. Hayley Ellen Day
The deal closes the guide on a three-year gross sales saga. The Post solely revealed in September 2023 that the 121 E. 83rd St. property was hitting the market for $13.5 million, shortly after Fischer died at 98. The ask was later slashed to $10.75 million, and the home went into contract on May 29.
That works out to roughly 20% below the unique price tag, or about $1,373 per sq. foot.
The Langones are getting loads of home for the money. The 25-foot-wide building spans 7,825 sq. toes, with medical places of work on the ground ground and basement and a four-bedroom duplex upstairs. The ground stage boasts 13-foot ceilings and a curb cut, a rarity in Manhattan, and zoning permits the new house owners to bulk the place up to 10,420 sq. toes.
The price landed roughly 20% below the unique ask at about $1,373 per sq. foot. Hayley Ellen Day
A powder room. Douglas Elliman
The 7,825-square-foot mixed-use building holds medical places of work on its decrease ranges and a four-bedroom duplex above, with zoning room to grow to 10,420 sq. toes. Hayley Ellen Day
Architects Hamilton & Mesereau designed the brick construction as a non-public steady for five-and-dime king Frank W. Woolworth. Murray Guggenheim of the mining and museum dynasty later lived there.
Fischer took over the decrease flooring for his studio in 1965 and went on to shoot some of the most well-known magazine covers of the twentieth century under its lofty ceilings. Among them was his Esquire image of Muhammad Ali, and Fischer also photographed Andy Warhol with a Campbell’s soup can in 1969. His topics included political heavyweights Lyndon Johnson and Robert Kennedy.
His sons, Doug and Ken Fischer, grew up in the home and rubbed elbows with the stars who came through.
“I got to be there when Ali was there,” Doug instructed The Post in 2023. “It was like meeting God.”
Fischer opened his studio there in 1965 and shot well-known Esquire covers of Muhammad Ali and Andy Warhol inside, while earlier occupants included Murray Guggenheim. Hayley Ellen Day
The April 1968 cowl of Esquire magazine, titled “The Passion of Muhammad Ali,” options boxer Muhammad Ali in a {photograph} by Carl Fischer. Esquire/Carl Fischer
A examine. Douglas Elliman
One of 4 bedrooms. Hayley Ellen Day
A second bed room. Hayley Ellen Day
Doug even recalled discovering the boxer’s iconic white trunks years later, buried among his brother’s issues after being pressed into service for pickup basketball.
Ken described his father’s setup as a dream association.
“He used to say that he lived above the candy store, so to speak, because his photo studio was on the ground floor, which had very high ceilings,” he said.
Jed Garfield of Leslie J. Garfield represented the vendor.
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