Lola Wasserstein’s Co-op Apt. Sells For Over $2 Million

The Upper East Side cooperative apartment at 150 East 77tth Street (inset) owned by the late Lola Wasserstein was sold for $2,050,000, according to New York City records. She passed away last year.

Lola Wasserstein was married to Morris Wasserstein, and the mother of award-winning playwright Wendy Wasserstein (who passed away in 2006 after battling lymphoma), Wall Street dealmaker and investment banker Bruce Wasserstein, and 4 other children.

In a 2000 interview that Wendy Wasserstein gave with the Director of Special Projects at Lincoln Center Theater, the playwright alluded to the years she spent at her parents’ East 77th Street apartment:

I’ve lived all my life in New York. I lived in Brooklyn until I was twelve, and then my folks moved to 150 East 77th Street, where they still live. So I’ve always had a sense of being from New York.

The buyers were William H. Mack and Debra G. Mack, owners of another co-op in the building that is one floor below Wasserstein’s former apartment.

The Mack’s co-op currently in contract. Maria Pashby and Joanna Pashby, a mother-daughter duo at Corcoran, had the exclusive to sell the couple’s terraced, 4 1/2 room apartment. The asking price was $1.75 million, with maintenance charges of $1,861 per month. The terrace is pretty spectacular: it has a 45-foot setback and offers views facing North.

Other features at 150 East 77th Street are a garage (very unusual for co-ops, but less so for newer condos), private storage bins (although it’s not clear if there is a waiting list), and a bike storage facility.

Guess what: this co-op doesn’t have a flip tax! When there isn’t a legal flip tax already in place, it’s almost impossible to get shareholder approval to enact one. Why? Usually, amendments to a cooperative apartment’s proprietary lease require a vote of two-thirds (66.67%) or three-fourths (75%) of all shareholder. Those kinds of debates can make for heated annual shareholder meetings.