 Title to the house then passed to their son, Albert, Jr., who sold it to a real-estate developer shortly after inheriting the home.After suggestions were proposed from razing the house for high-rise apartment buildings to turning it into the mayor's residence, the Graham Foundation, then in its infancy, came forward to purchase the house.Since 1963, the Madlener House has been owned and operated by the Graham Foundation for Advanced Studies in the Fine Arts.