Real Estate

NYC townhouse finally sells after massive $35M price cut

A Manhattan Beaux-Arts townhouse that has gone on and off the market since 2016 has lastly landed a purchaser — for $35 million lower than the preliminary asking worth.

The six-bedroom, 14-bathroom Higher East Aspect residence, at 8 E. 62nd St., first hit the market with a hefty $84.5 million price ticket.

Spanning roughly 15,000 sq. toes over six ranges, the property was final listed for $55 million earlier than getting into contract for almost $50 million, the Wall Street Journal reported.

Whereas the id of purchaser stays hush-hush, present proprietor and co-founder of real-estate funding agency Somerset Companions, Keith Rubenstein, revealed that the property ended up “in good palms.”

Rubenstein and his spouse, Inga, bought the house in 2007 for $35 million. They spent a number of years extensively renovating it. And regardless of the hefty worth reduce, they’re nonetheless trying to stroll away with a pleasant chunk of cash from the sale.

A residing house.
Evan Joseph
The marble staircase.
The marble staircase.
Evan Joseph
The wet bar.
The moist bar.
Evan Joseph
The library.
The library.
Evan Joseph

After they first listed the house, Rubenstein informed The Journal: “we like to maneuver every so often. We like initiatives.”

Situated simply off Central Park, the townhouse was constructed in 1903 by Grants Tomb architect John H. Duncan.

Options embody a sweeping marble staircase, a breakfast room with a woodburning hearth, and 17-foot ceilings within the formal residing and eating areas, the earlier itemizing famous. On the third flooring is a library with customized millwork paneling.

The first suite boasts twin bogs with heated flooring and steam-resistant mirrors. Further bedrooms are on the fourth and fifth flooring. There’s even a temperature-controlled vault for fur clothes.

The kitchen.
The kitchen.
Evan Joseph
The breakfast room.
The breakfast room.
Evan Joseph
The primary bedroom.
The first bed room.
Evan Joseph

Different luxe options embody handmade marquetry flooring, a billiards room with partitions upholstered in crimson Hermès leather-based and a smoking room geared up with a air flow system.

Facilities embody a wine cellar, a gymnasium and a spa space with a sauna, and a plunge pool.

A backyard on the property is about 2,500 sq. toes. The rooftop terrace is full with an elevator entry and incorporates a lounge space, a eating space protected by a cedar pergola, a full outside kitchen with a built-in grill and an outside fridge, plus views of Central Park.

Adam Modlin of Modlin Group held the itemizing. The Corcoran Group represented the client.

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