The Home Depot fortune just bought a piece of photo history.
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fortune → buy → 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.
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Post → link → decades
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.
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which → date → trust
Ken, his wife Elaine and Bruce are all named as trustees.
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Ken → name → 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.
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families → let → minimum
Ken and Elaine Langone have three children, Kenneth G. Jr., Stephen and Bruce.
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Langone → have → children
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.
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name → arrange → Health
The seller was Carl Fischer Photography, Inc.
The deal closes the book on a three-year sales saga.
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deal → close → 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.
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Fischer → reveal → 98
The ask was later slashed to $10.75 million, and the house went into contract on May 29.
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house → slash → May
That works out to roughly 20% below the original price tag, or about $1,373 per square foot.
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That → work → foot
The Langones are getting plenty of house for the money.
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Langones → get → 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.
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building → span → floor
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.
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owners → boast → feet
Architects Hamilton & Mesereau designed the brick structure as a private stable for five-and-dime king Frank W. Woolworth.
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Hamilton → design → Woolworth
Murray Guggenheim of the mining and museum dynasty later lived there.
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Guggenheim → live → dynasty
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.
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Fischer → take → ceilings
Among them was his Esquire image of Muhammad Ali, and Fischer also photographed Andy Warhol with a Campbell’s soup can in 1969.
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Fischer → photograph → 1969
His subjects included political heavyweights Lyndon Johnson and Robert Kennedy.
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subjects → include → heavyweights
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.
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Doug → grow → 2023
“It was like meeting God.”
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It → meet → 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.
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Doug → recall → basketball
Ken described his father’s setup as a dream arrangement.
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Ken → describe → 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.
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he → use → ceilings
Jed Garfield of Leslie J. Garfield represented the seller.
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Garfield → represent → seller
The Aporia
