The 3,519-square-foot home was built in 1920.
Gedalya Jacobovits is the owner and caterer at The Palace Ballroom, an events venue in Brooklyn.
According to BlockShopper.com, there have been 130 home sales in Madison during the past 12 months, with a median sales price of $520,000.
Address: 1588 East 27th Street
Buyer(s): Bentley, Peter E, Bentley and Janice H
Seller(s): Lieber-Jacobovits, Madeline, Jacobovits and Gedalya
Sale date: Jun. 5, 2012