After four years and a $ 30 million in price landing, one of New York’s last cities, designed by the famous architect of the gilded Era Stanford White has finally found a buyer.
The six-storey residence of Limion at 973 Fifth Ave., including 16,000 square meters, entered into a contract last week at a required price of $ 49.9 million-a sloping discount from its original $ 72.5 million in 2023.
According to Olshan Realty’s weekly report, this agreement made it Manhattan’s most precious home to reduce a contract at that time. The final sales pricing, as well as the identity of the future owner, are not yet known.
Historical property, located directly by Central Park, reached the market earlier this month – and this time, it moved quickly.
This is “unbelievably rare,” said Andres Perea-Garzon from Corcoran, who co-raised the house along with Carrie Chiang and Lesley Schulhof.
Indeed, settlement is one of the only two cities left in Manhattan still standing as originally thought: a masterpiece with a single family created by White, whose Illustrian career included iconic monuments like The Washington Square Arch and The Players Club.
Throughout his career, white-one third of the legendary architecture firm McKim, Mead & White-Dys-Dysbizinated many magnificent residences in the city, though most have since been re-buried.
His surviving projects include a mix of office buildings, hotels and even retail spaces, making this fifth Gem Avenue an extremely rare discovery.
The current owner, who won the residence for $ 42m in 2012, collected millions in a meticulous restoration, returning home to its old shine.
“Everything was completely restored or settled in a whole new,” Pere-Garzon said. “A Homage to Stanford White.”
Inside, the 11 bedroom wealth is a step back in the nine time of wood burning fires, flying ceilings, complex carved wood works and glossy -stained windows make the home a showcase of era craftsmanship gilded.
While its Beaux-Arts aesthetics remains intact, the residence has not stalled in the past. The house has improved with five kitchens, a new elevator and better air filtration systems.
Among many extravagant equipment: a climate-controlled wine cellar, a Venetian plaster steam room, a 360-defree roof terrace, and a silver jewelry and safes.
Despite lush renovations, some original design elements are likely to evolve over the years.
“Some of the interiors may have been Stanford White,” said Samuel White, the architect’s great -grandson for The Post. “But I suspect the owners over the years have changed the surrounding interior.
“I’ve been home only once, and I photographed it about 25 years ago. There is a room where there is a kind of wooden beam ceilings and another room with a kind of panels on the walls.”
The residence has danced in and out of the market since 2021, initially striking the market for a 80 million -dollar dollar. Had it been sold at that price, it would have had a raw record for the city’s most expected sale, exceeding the $ 77 million paid for Finance Residence Phillip Falcone 67 of the road.
The seller, a LLC associated with former Goldman Sachs David Leuschen’s partner, was eventually set for a more realistic price, allowing the agreement to enter into the contract.
As the house stands as a testimony to the white genius, his personal story ended in Infamy.
In 1906, he was shot for McKim, Mead & White’s Madison Square Garden – a shocking murder in the hands of millionaire Harry Thaw Thaw. Shine, out of jealousy and obsession, demanded revenge for the inclusion of White’s past with Evelyn Nesbi, a model and showgirl with which White had a controversial connection.
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Image Source : nypost.com