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The Home Depot fortune just bought a piece of photo history.
A trust linked to billionaire Home Depot co-founder Ken Langone has shelled out $10.75 million for the Upper East Side carriage house that legendary lensman Carl Fischer used as his home and studio for decades, The Post has learned.
The deed, dated Oct. 2 and recorded with the city on Tuesday, lists the buyer as the Article IV Trust for Bruce Marshall Langone, which was set up under a 2025 irrevocable grantor retained annuity trust. Ken, his wife Elaine and Bruce are all named as trustees.
GRATs are a favorite estate planning tool of the ultra-wealthy, letting families shift assets to the next generation while keeping the gift tax bill to a minimum.
Bruce is one of the couple’s sons. Ken and Elaine Langone have three children, Kenneth G. Jr., Stephen and Bruce. The elder Langone, a Wall Street veteran, arranged the financing that allowed Bernard Marcus and Arthur Blank to launch Home Depot, and his name graces NYU Langone Health.
The seller was Carl Fischer Photography, Inc.
The deal closes the book on a three-year sales saga. The Post exclusively 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 house went into contract on May 29.
That works out to roughly 20% below the original price tag, or about $1,373 per square foot.
The Langones are getting plenty of house for the money. The 25-foot-wide building spans 7,825 square feet, with medical offices on the ground floor and basement and a four-bedroom duplex upstairs. The ground level boasts 13-foot ceilings and a curb cut, a rarity in Manhattan, and zoning allows the new owners to bulk the place up to 10,420 square feet.
Architects Hamilton & Mesereau designed the brick structure as a private stable for five-and-dime king Frank W. Woolworth. Murray Guggenheim of the mining and museum dynasty later lived there.
Fischer took over the lower floors for his studio in 1965 and went on to shoot some of the most famous magazine covers of the 20th 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 subjects included political heavyweights Lyndon Johnson and Robert Kennedy.
His sons, Doug and Ken Fischer, grew up in the house and rubbed elbows with the stars who came through.
“I got to be there when Ali was there,” Doug told The Post in 2023. “It was like meeting God.”
Doug even recalled discovering the boxer’s iconic white trunks years later, buried among his brother’s things after being pressed into service for pickup basketball.
Ken described his father’s setup as a dream arrangement.
“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 seller.