Got a spare $20 million?

The double townhouse at 24 East 39th Street that has housed the Williams Club since 1924 is on the market and is expected to fetch close to $20 million, the Post reported. The six-story, 28,000-square-foot club was last appraised at $21 million and has 28 hotel rooms and several rooms for events; the National Realty Club was among the organizations that used to meet there. Williams College’s alumni organization stopped using the club last spring because, according to its website, “maintaining such an independent facility… [had] become financially impractical.” Its members have since become part of the Princeton Club on West 43rd Street.

It would be interesting to do a thorough (100 year) analysis of the economics of the Williams Club.

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