One of New York City’s Final Gilded Age Mansions Finds a Buyer—After a $30 Million Discount
The fully restored mansion was originally listed in 2021 for $80 million. After several price cuts, it recently snagged a buyer.
MLS/Corcoran/Realtor.com
A fully restored Gilded Age mansion in New York City that originally debuted on the market in 2021 for an eye-watering $80 million has just snagged a buyer after several price cuts.
Last listed for $49.9 million and recently said to be under contract, the limestone mansion spans 16,000 square feet over seven floors. The “Italian Renaissance palazzo-style estate” is one of the last remaining single-family townhouses designed by famed architect Stanford White.
Offering 11 bedrooms, 10 bathrooms, and stunning views of Central Park and the Metropolitan Museum of Art, the Cook Block property is fresh off a multiyear, multimillion-dollar restoration that preserved its history while “integrating stage-of-the-art infrastructure at the highest level.”
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Period details of the 1910 grand estate include a limestone staircase with a wrought-iron railing, original French stained-glass windows, and nine wood-burning fireplaces.
Modern updates and amenities include an elevator, HVAC zones for each room, humidification systems with HEPA filters, and a water purification system.
Corcoran has the listing. While agents Carrie C. Chiang, Andres Perez-Garzon, and Lesley Schulhof were unavailable for comment, Chiang said the following in a brokerage statement: “973 Fifth Avenue is not just an address—it’s a statement of timeless elegance and ambition. Every corner, every detail tells a story of unparalleled luxury, where history and modernity intertwine. It creates an unforgettable experience for those who are fortunate enough to call it home.”
The single-family townhouse is said to be owned by former Goldman Sachs partner David Leuschen, who acquired the mansion for $42 million in July 2012, according to Bloomberg.
Designed for grand-scale entertaining, the beaux arts residence features double grand parlors, formal dining and reception salons, five kitchens, and a rooftop terrace with a landscaped garden and views of the Manhattan skyline and Central Park.
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The beautifully designed morning room has a Carrara marble waterfall island, while the full-scale catering kitchen is equipped with restaurant-grade appliances.
The main bedroom suites have dressing areas and bathrooms featuring P.E. Guerin and Barber Wilsons fixtures. The sixth-floor guest suite includes a private kitchen.
Other amenities include a climate-controlled wine cellar, a hammam steam room, a jewelry vault, cedar closets, and a private courtyard with a separate entry.
The distinguished property is permitted for use as an embassy residence, a nonprofit foundation office (limited to 50 employees), or a noncommercial art gallery, according to the listing.
